news 1 month ago

Uber's Delivery Business Is Now Bigger Than Its Ride Service

Wibbitz
Uber's Delivery Business Is Now Bigger Than Its Ride Service. Amid the coronavirus pandemic, Uber Eats is now the company's most significant source of revenue. According to CNN Business, the second quarter saw Uber Eats take in $1.2 billion. That is double the amount it made in 2019's Q2. Gross bookings for Eats also saw an increase of 113 percent. By comparison, Uber Rides took in $790 million, and gross bookings fell 73 percent. Our delivery business alone is now as big as our Rides business was when I joined the company in 2017. We've essentially built a second Uber in under three years, CEO Dara Khosrowshahi, via earnings call. The coronavirus pandemic has led to Uber slashing a quarter of its workforce and losing nearly $2 billion in Q2