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  • food delivery is proving a lifeline for uber, the firm says.

  • Demand for take aways exploded over the latest quarter as consumers stayed home.

  • Revenue at its delivery unit, including Uber Eats, more than doubled as a result, hitting a record $1.45 billion.

  • The rest of the apse earning report was more mixed.

  • Reid numbers were sapped by a slow recovery in demand, particularly on the U.

  • S West Coast.

  • Gross bookings were down 50% on this time last year, though up from the deep slump seen in the spring.

  • Profit margins also came under pressure, with riders searching for the best prices overall that saw third quarter revenue hit $3.13 billion just short off analyst forecasts.

  • Now the outlook for the coming months looks very uncertain, with many European countries imposing new restrictions, though Uber executives say the firm could see ride Bookings dropped 20% below pre crisis levels on still hit its profit targets, and they seem or hope in food delivery.

food delivery is proving a lifeline for uber, the firm says.

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B1 uber food delivery delivery quarter profit revenue

Food delivery boom helps Uber in tough quarter

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    林宜悉 posted on 2020/11/09
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