Uber Eats revamp looks to improve restaurant discoverability

Dive Brief: Uber Eats will roll out a revamped app and website in the coming weeks with an enhanced pickup map that contains more information about local spots, including user ratings of nearby restaurants, the company said in an email. New features like Hidden Gems will recommend restaurants based on past orders at other establishments […]

Postmates Is Over $929.3 Million in the Hole

According to the Wall Street Journal, a Friday regulatory filing from SF-based Uber reveals that (also SF-based) food delivery app Postmates is running at a very, very steep loss. “Postmates had an accumulated deficit of $929.3 million as of June 30,” reporter Laura Forman notes, and in the second quarter of 2020 — yes, in those […]

Uber’s Postmates Acquisition Might not Deliver the Profitability Expected

According to Uber, Postmates saw a 125% increase in revenue during the period as sales jumped from $71 million to $160 million. And though that allowed it to slash its losses for the quarter, it indicates that even during a period of unprecedented consumer demand, Postmates is still a money-losing operation. That’s not much different from Grubhub (NYSE:GRUB), which […]

POSTMATES MORE THAN DOUBLES REVENUE IN Q2 AHEAD OF UBER EATS DEAL

Third-party delivery service Postmates saw revenues increase by more than 125% in the second quarter while also cutting its losses as it heads into a proposed acquisition by Uber Eats—a deal that has drawn additional scrutiny from the Department of Justice.  That information was disclosed in a document filed late Friday by Uber with the Securities and […]

Ordrslip Adds Postmates Integration to Its Mobile App Software for Restaurants

Restaurant tech company Ordrslip announced today it has partnered with Postmates to add delivery integration into its mobile app software, according to a company press release sent to The Spoon. Per today’s announcement, Ordrslip’s software lets restaurant customers “create custom-looking whitelabel mobile ordering applications via Ordrslip.” It’s no secret that, since the pandemic pushed the […]

Uber Eats unveils first ad format with sponsored restaurant listings

Uber Eats today announced its first in-app advertising format, giving restaurants a way to promote their menu offerings. The food delivery service’s sponsored listings have seen a return on ad spend (ROAS) of five times in early tests, according to details the company emailed to Mobile Marketer. With Uber Eats’ cost-per-click (CPC) pricing model, restaurants […]

UberEats could be underpaying delivery drivers on 30% of trips, according to a programmer who reportedly built a tool that found the app was lowballing the miles that drivers traveled

An Uber Eats driver claimed he collected data showing that the company has been consistently underpaying drivers, Salon reported Thursday. The driver, who is also a computer programmer, built a tool for drivers to track their trips and determine if the company was paying them fairly, and found that Uber wasn’t paying them for an average of […]

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 […]