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Uber’s delivery business is now larger than ride-hailing

Uber’s delivery business is now larger than ride-hailing

3 years ago
Anonymous $qOHwDUKgAF

https://techcrunch.com/2020/08/06/ubers-delivery-business-is-now-larger-than-ride-hailing/

Uber reported its second-quarter earnings Thursday and buried in the blizzard of less-than-rosy numbers is a stunning figure that illustrates how much the company has changed during the COVID-19 pandemic.

Uber’s delivery business — better known as Uber Eats — is now bigger than its original and core ride-hailing division, based on adjusted net revenue. Now, adjusted net revenue tells only a piece of this evolving Uber story. Income, or losses in the case of Uber’s delivery business, are also important.