Tag «uber»

Uber: delivery business now bigger than ride hailing business

Uber’s delivery business is now bigger than its ride hailing business. Uber on Wednesday reported widening losses even as trips and deliveries grew as driver incentives hit revenue. Uber said riders returned to its platform in greater numbers in July and it expects the trend to continue in the coming months, together with strong growth …

Uber: more revenue in delivery than in mobility in 2020

In the fourth quarter of 2020 ‘delivery’ is now bigger than ‘mobility’. Mobility (gross bookings fourth quarter 2020): $6.79 billion, down 50% from a year ago. Delivery (gross bookings): $10,1 billion, up 130% from a year ago. For all of 2020, Uber’s net losses amounted to $6,8 billion, around a 20% improvement from a staggering $8,5 billion loss …