The catering platform will expand Uber Eats’ large order business, which has become a significant opportunity in recent quarters. Dive Brief: Dive Insight: EzCater currently partners with over 140,000 restaurants and generated over $2.5 billion in gross bookings over the trailing 12 months, according to the company, and it has grown in the high teens …
Tag Archives: Uber
Uber bets $2.3 billion on ezCater to narrow gap with DoorDash
Oct 6 (Reuters) – Uber Technologies (UBER.N), opens new tab said on Tuesday it would buy US catering platform ezCater in an all-cash deal for $2.3 billion, its latest move to strengthen delivery, the company’s fastest-growing business segment. The deal comes months after Uber agreed in July to buy German firm Delivery Hero in a $14.8 billion transaction aimed …
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Uber’s $14.8B Delivery Hero deal would nearly double its global footprint
After weeks of speculation, Uber officially agreed to acquire Delivery Hero, a purchase that will take the ride-hailing and delivery giant’s status to new heights, and to nearly 100 markets across Europe, the Middle East, Latin America, and Asia. German-based Delivery Hero also made a separate agreement to sell its business in 14 markets, where …
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Uber Proposes Delivery Hero Takeover at €10 Billion Valuation
(Bloomberg) — Uber Technologies Inc. has offered to take over Delivery Hero SE in a deal that would value the German delivery company at about €10 billion ($11.6 billion) as it seeks to ramp up competition with DoorDash Inc. outside the US. Delivery Hero received an approach from Uber for €33 per share, and “remains …
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Uber and Instacart deepen tie-up with advertising integration
The goal is to provide CPG advertisers of all sizes with a range of capabilities across the Uber Eats grocery and retail marketplace. Published April 14, 2025 By Aaron Baar Dive Brief: Dive Insight: The Instacart integration will enhance Uber Advertising’s offering through a Shoppable Display format and other performance marketing engagement tools, supporting the ride-hailing …
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Uber to buy controlling stake in Turkey’s Trendyol GO food delivery business for $700 million
May 6 (Reuters) – Uber (UBER.N), opens new tab said it would buy a majority 85% stake in Turkish food and grocery delivery platform Trendyol Go for $700 million, as the ride-hailing giant looks to tap new growth markets amid signs of saturation in its mainstay North American business. The stake purchase from Turkish e-commerce firm Trendyol …
Uber Q2 Earnings: Trips Surge, $20 Billion Stock Buyback, CEO Sees No Slowdown
Uber Technologies (NYSE: UBER) reported fiscal second-quarter 2025 results on Wednesday. The company reported a quarterly revenue growth of 18% year-on-year to $12.65 billion, beating the analyst consensus estimate of $12.46 billion. Uber reported adjusted EPS of 63 cents, which beat the analyst consensus estimate of 62 cents. Revenue from Mobility grew to $7.3 billion, up 19% Y/Y. Delivery was $4.1 billion, up 25%, …
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Uber ends Foodpanda Taiwan acquisition after regulatory hurdles
March 11 (Reuters) – Uber has terminated its $950 million bid for Delivery Hero’s Foodpanda business in Taiwan, the food delivery company said on Tuesday, owing to regulatory hurdles. Taiwan had in December blocked the deal on anti-competitive concerns. Its Fair Trade Commission argued the buyout of Uber’s main rival, Foodpanda, would increase the combined market share to 90% …
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DoorDash and Uber Earnings Call Summary
LinkedIn: “I just listened to DoorDash’s Q2 2025 earnings call, and the day before I listened to the Uber‘s call. One thing I want to highlight – both companies keep emphasizing how small of a share of the market they have managed to capture to date and how huge the opportunity ahead still is. And if …
Uber Sues DoorDash Over Food-Delivery Practices
Uber Technologies sued DoorDash, accusing its biggest food-delivery rival of anticompetitive practices that jack up costs for restaurants and consumers. In a suit filed Friday in state superior court in California, Uber accused DoorDash of coercing restaurants to exclusively work with DoorDash for parts of their delivery business. Uber said DoorDash threatened higher commission rates …
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