Deliveroo has raised its annual profit guidance to the top end of its range, buoyed by rising order volumes on its platform.

The London-listed delivery group now expects full-year core profit of between £170m and £190m, compared with its previous range of £160m to £190m.

In May, Deliveroo agreed to be acquired by US rival DoorDash in a £2.9bn deal.

The company said the transaction is progressing on schedule and is expected to close in the final quarter of 2025.

DoorDash, meanwhile, is forecasting stronger-than-expected third-quarter performance, helped by demand for food and grocery deliveries.

The San Francisco-based firm expects gross merchandise value (GMV) of between $24.2bn and $24.7bn, outpacing analyst forecasts of $23.73bn.

Promotions and member offers have drawn in value-conscious consumers in both US and international markets.

DoorDash shares climbed almost 5pc in after-hours trading following results that beat Wall Street expectations on revenue, GMV and adjusted profit.

The stock is up 52pc so far in 2025.