Doordash ($DOORDASH) is rolling and it’s charting the course for an IPO, thanks to a bevy of healthy-looking alternative data. You may not choose healthy delivery options via the San Francisco-based delivery titan, but many of its metrics are looking awfully fit. For starters, Doordash has for years had an advantage over even the biggest […]
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The head of Uber Eats is stepping down
Jason Droege, the head of Uber’s food-delivery business Uber Eats, will be leaving the company. In a Feb. 25 regulatory filing, Uber announced that Droege will be replaced by Pierre-Dimitri Gore-Coty, who is currently vice president of international rides, overseeing Uber’s ride-hailing operations outside North America. As Uber Eats vice president, he will oversee teams that […]
advantage in the food delivery war
Last month, the most coveted partnership in the UK takeaway sector came to an unceremonious end. Uber Eats lost the exclusive rights to make around 15 million McDonald’s deliveries each year in the UK, after the fast-food giant announced plans to open up the relationship to include major rival JustEat. On paper, the union was ideal. McDonald’s made […]
DoorDash, Grubhub, Uber Eats in tight food delivery competition
The restaurant food delivery business is a wide open competition, with more than half of consumers that use these services using multiple apps at the same time, according to a Consumer Intelligence Research Partners report. Among consumers that have used a restaurant delivery service in the past 90 days, more than half have DoorDash, UberEats […]
The $27 billion business of food delivery
Now that the Little Caesars pizza chain offers home delivery — after decades of making its customers come to them — it’s clear that the rise in food delivery options is affecting restaurants of all kinds. It’s a trend driven by consumers’ strong appetite for mobile ordering and payments. Online food delivery is worth billions […]
Uber Rides Is Strong But Eats Is A Dead Weight
… The more revenue Uber Eats brings in, the larger the losses. This past quarter Uber Eats was able to improve its sales by 154% year-over-year, but the segment’s EBITDA was down 111%, somehow losing more than it netted in sales. Segment Concerns Uber Eats is operating in a very competitive landscape. There are a […]
Grubhub’s Growth Decelerates for the Fifth Straight Quarter
Grubhub (NYSE:GRUB) lost about 30% of its value over the past 12 months as its growth slowed, its expenses surged, and its profits turned into losses. It lost its crown as the top food delivery platform in America to DoorDash, and it struggled to present any viable turnaround plans for its core business. Grubhub’s mixed fourth-quarter earnings report […]
Uber Eats spent $1B on excess driver incentives, referrals in 2019
Uber reported its Q4 and full year 2019 earnings Thursday, including its Uber Eats results, which reported adjusted net revenue of $1.4 billion for the year, an increase of 82% compared to $759 million in 2018, but reported EBITDA of negative $461 million, according to a company press release. Much of this loss came from increased […]
Uber sees profit by end of 2020, but still expects full-year loss
(Reuters) – Uber Technologies Inc (UBER.N) on Thursday moved forward by a year its target to achieve a measure of profitability to the fourth quarter of 2020, but the ride-hailing company still expects to lose a total of more than $1 billion this year. Uber shares were up 5% in after-hours trading on the news, […]
Grubhub Loses Share as DoorDash, Uber Eats, Postmates Grow
DoorDash remains the top dog among the largest U.S. third-party delivery providers, according to new research from Edison Trends. Gleaning national share from an analysis of more than 150,000 transactions in January, DoorDash is still the leading provider with nearly 35 percent of the market, followed closely by Uber Eats at nearly 29 percent. As […]