Uber Narrows Loss on 28% Delivery Revenue Surge

After losing $968 million last quarter, Uber delivered improved first quarter earnings with a net loss of $108 million that was, as CNBC put it, a “tremendous improvement” from the fourth quarter of 2020 with delivery revenue up 28 percent over the Q4 2020 and 230 percent year over year. As the world begins moving …

Where have all the Uber drivers gone?

When the pandemic pushed him to quit driving for Uber, Steve Gregg didn’t know he might be done with the ride-hailing apps for good. But he was exhausted from the daily stress of driving, after taking passengers on more than 15,000 trips over three years. And he was frustrated over being nickel-and-dimed, seeing his wages steadily decrease. The added …

UBER EATS WILL LET PEOPLE PICK UP FOOD MID-UBER RIDE, AMONG OTHER NEW FEATURES

Uber Eats is launching a host of new delivery features for consumers, including the ability to pick up a meal in the middle of an Uber ride or order from two businesses at once. The updates are part of the company’s new Go and Get initiatives announced Wednesday that are designed to enhance its mobility and delivery products coming out of the …

Uber Eats launches new features and some leave the ‘riders’ behind

Uber is a company of contrasts. As the passenger transport division closed 2020 with $ 6.768 billion in losses, Uber Eats’ worldwide sales soared 224%. The confinements and limitations to mobility were taking away its main business, at the same time that the delivery division became the support of the technology company. Now, Uber is …

Uber Eats offers an array of industry-first app features for restaurant partners

Colombo, 27th April 2021: Uber Eats today announced a host of industry-first features for restaurant partners designed to help them increase their visibility, and to serve a wider community of eaters. Recognising the impact of the pandemic, these features are also designed to help restaurant partners get better data and insights to make more informed decisions. …

UberEats launches pay-at-table and ordering feature for restaurants

UberEats has launched a feature allowing users to order and pay for meals while eating at restaurants through its app. The Dine-In tool is now available in the UK ahead of outdoor hospitality in England reopening on 12 April. It means customers visiting a restaurant can scan a QR code to browse the menu, order …

Sodexo and Uber Eats sign a global partnership agreement. Sodexo meal card holders will be able to easily pay for their meals and have them delivered via the Uber Eats app. Kick-off in France!

The global partnership between Sodexo, the world leader in Quality of Life services, and Uber Eats, the leader in meal delivery, is just launched in France and will be extended to other European countries and Latin America in the coming months. In France, Sodexo Pass Restaurant card holders will now be able to have meal …

As Delivery Matches Rides, Uber Posts $968M Quarterly Loss

Two weeks after moving to buy Drizly, Uber announced its fourth-quarter financial results, which also included full-year results for 2020. The prime highlights are year-over-year delivery bookings up nearly 130 percent as food delivery has pulled even with its ride-sharing business. Even so, Uber reported a net loss of $968 million for the quarter, a …

UBER EATS EXTENDS ITS GROWTH STREAK

Uber Eats’ business continued to accelerate in the fourth quarter as the company narrowed its losses and once again outshined its ride-sharing counterpart. Gross bookings grew 18% quarter over quarter and 128% year over year, reaching $10.1 billion in the three months ending Dec. 31. Revenue increased 224% year over year, to $1.35 billion—nearly matching ride-sharing revenue, which …

Eats, Delivery pushing Uber toward profitability

Uber’s (NYSE: UBER) earnings results, announced on Wednesday, offer a mixed bag of news. On the Rides side, business continues to struggle to escape from the COVID-19 pandemic, but the remainder of the business is showing signs of strength. That led to CEO Dara Khosrowshahi declaring on CNBC Thursday morning that profitability is within sight, perhaps by the …