Uber’s California Shutdown Threat Won’t Impact Its Real Money Maker: Uber Eats

A fight over worker classification could prompt Uber to “shut down” in the state of California, company CEO Dara Khosrowshahi said in a TV appearance. That might sound like a big deal, but there’s an aspect to this threat worth noting: Uber has no plans to cease California operations of Uber Eats, a spokesperson confirms […]

Payment processing company, Uber Eats team for food-delivery platform

Shift4 Payments, an integrated payment-processing-solutions company, and Uber Eats, an on-demand food-delivery platform, recently partnered to launch a new on-demand food-delivery platform will be available through Shift4’s Marketplace. The platform will seamlessly integrate Shift4’s restaurant clients. This eliminates the need for separate tablets to manage services. All orders will be managed with one central point-of-sale […]

Uber: Revisiting The Profitability Forecast, And It’s Only Worse

Summary Uber originally aimed to have a break-even in adjusted EBITDA by 2021, but the first two quarters have that figure down $181 million YoY. Rides bookings are down 73.88% since Q4 2019, while contribution to adjusted EBITDA is down 92%. Eats bookings have grown 122% YoY, but adjusted EBITDA for the segment is still […]

Uber Eats grows its restaurant partner roster by 50%

Dive Brief: Uber reported a 103% year-over-year revenue increase for Uber Eats as part of its Q2 earnings Thursday, according to a company release. Comparatively, Uber’s ride-hailing business saw a revenue decline of 67%.  Active partnered restaurants on Uber Eats crossed the 500,000 mark in June, up 50% year-over-year. The company added enterprise accounts including Baskin […]

Uber shares drop 4% after it loses more money than expected in Q2

Image Credits: ANTHONY WALLACE Today after the bell, American ride-hailing giant Uber  released its second-quarter results. The company’s revenue fell compared to both the year-ago quarter (Q2 2019), and the sequentially preceding period (Q1 2020). Investors had anticipated Uber’s declines due to COVID-19, and the company had spent time earlier this year assuring the investing public that it had enough cash […]

Uber’s Biggest Business Is Officially Not Ride-Sharing

With the coronavirus pandemic keeping people at home and dampening demand for ride-sharing, Uber’s UBER +4.5% mainstay business transporting people has just taken a back seat to its younger sibling, Uber Eats.  Gross bookings in Uber’s mobility rides unit slumped 75% to $3.1 billion in the second quarter while in the delivery segment, previously known as Eats, saw gross […]

Uber Eats pilots online ordering service for restaurants

COVID-19 outbreaks. A nearly six-week shutdown. Layoffs and difficulty landing government assistance. These are just a few of the challenges facing Tampa Bay restaurants, as eateries around the country struggle to stay afloat during the pandemic. One delivery app is looking to give food businesses a boost and build its partnerships as restaurants increasingly shift […]

Uber Eats rolls out new app to help restaurant owners

STATEN ISLAND, N.Y. — As the restaurant industry continues to struggle amid the ongoing coronavirus (COVID-19) pandemic, Uber Eats is rolling out a new mobile app, alongside new features that will help restaurants engage with their customers and boost business. Uber Eats and other food delivery services have been a crucial lifeline to small businesses […]

Uber Eats to Waive Restaurant Fees for the Rest of 2020

Uber Technologies (NYSE: UBER) will allow restaurants to add online ordering to their websites, for delivery through Uber Eats, at no cost for the rest of the year. The food delivery specialist said the coronavirus pandemic has given it a new understanding of the importance that delivery has in the restaurant industry’s survival. But the third-party delivery […]

Uber Eats’ New Pilot Offers Commission-Free Orders for Restaurants, with a Catch

Today, Uber Eats launched a pilot program that lets its restaurant parters accept pickup and delivery orders directly through their own websites with no added commission fee for the rest of 2020.  The program seems to be a bid on Uber Eats’ part to keep restaurant partners entrenched in the third-party delivery service’s ecosystem by offering them […]