Nov 5, 2020

Uber sees 'fundamental shift' in food delivery demand

Uber's food delivery business has more than doubled, as the pandemic increases appetite for online grocery orders and restaurant takeaway. The firm said revenue from its Uber Eats service hit $1.4bn in the three months to 30 September, jumping 124% from the same period in 2019. Uber boss Dara Khosrowshahi said demand for food delivery has stayed strong even as countries lift restrictions, a promising sign for growth in the Uber Eats business. "We've got more eaters, they're staying longer, they're eating more," he told investors on a conference call to discuss the firm's quarterly results. There, Uber said bookings and revenue for its taxi service remained roughly half of last year's levels, despite improvement since the spring.

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