Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
Zomato turns adjusted EBITDA positive excluding Blinkit in Q4
short by Srishty Choudhury / on Friday, 19 May, 2023
Food delivery platform Zomato said, its business, excluding Blinkit, turned adjusted EBITDA positive in the fourth quarter ended March, driven by the food delivery business generating ₹78 crore of EBITDA. Its consolidated net loss came at ₹187.6 crore, narrowing from ₹359.7 crore loss in the same quarter last fiscal. Its revenue from operations was ₹2,056 crore, rising 69.66% year-on-year.
read more at Twitter