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 …
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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 …
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 …
Continue reading “As Delivery Matches Rides, Uber Posts $968M Quarterly Loss”
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 …
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 …
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Uber’s losses are narrowing as delivery growth continues to outpace a drop in ride-sharing revenue. The company reported mixed Q4 2020 earnings on Wednesday, beating expectations on loss-per-share but falling short on revenue, according to Refinitiv estimates. For all of 2020, Uber’s net losses amounted to $6.77 billion, around a 20% improvement from a staggering …
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It marks a significant shift in the fight over employee vs independent contractor status Uber Eats has overhauled its business model and changed its contracts with delivery drivers amid growing pressure over the status of workers. The change will make it easier for the company to classify riders and drivers as independent contractors, rather than …
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People just got yet another option for ordering pizza. Due to the pandemic, people are getting more and more food delivered, especially pizza. Now, a new app hopes to connect people with local pizzerias as opposed to major chains. UberEats introduced a new national brand called @Pizza. (iStock) UberEats introduced a new national brand called @Pizza, Eater reports. As the name …
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Dive Brief: Uber has launched Eat Local, a $20 million program to support independent restaurants during the pandemic. The package includes $4.5 million in microgrants to support Uber Eats and Postmates restaurant partners; 0% fees for pickup orders and those processed on restaurant websites through June 30, as well as for daily payouts; reduced delivery fees …
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Uber is spending $1.1 billion to acquire Drizly, an alcohol delivery service operating across much of Connecticut and the United States. Drizly will be included in the Uber Eats app. It was the second big buy in a matter of months for Uber, after purchasing Postmates on Dec. 1 for $2.7 billion to expand food …
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