Uber’s secret weapon appears to be its booming 2-year-old food delivery service. UberEats somehow has become the most profitable part of the business and will be expanding to 100 additional cities around the globe, according to a Financial Times report. Previously, Uber CEO Dara Khosrowshahi said UberEats was performing above management’s expectations, according to comments he made at the DLD tech conference in January.
It’s understandable that the company wants to highlight this bright spot on its balance sheet, especially ahead of its expected 2019 IPO. The new areas of operation include 40 new cities in the U.K., 35 in France, as well as new cities in Ireland, Egypt, Romania, the Czech Republic, Ukraine and Kenya.