Food delivery valuations may improve as fee hikes lift profitability: Bernstein
Jignanshu Gor, Director & Senior Research Analyst at Bernstein, expects food delivery platforms to shift toward profitability, with fee hikes driving gradual earnings before interest, taxes, depreciation and amortization (EBITDA) expansion as growth stabilizes in a duopoly market. He believes valuations could improve over time, especially in quick commerce, but meaningful upside will depend on … Read more
