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Briefing
uber/lyft

At Uber, Food Delivery Surpasses Rides

By
Amir Efrati
· · Source: The Information

Uber’s food-delivery business, Uber Eats, is now bigger than the company’s core ride-hailing business as the Covid-19 pandemic sharply curtailed customer demand for rides while boosting restaurant food-delivery and takeout sales, particularly in the U.S. Overall, Uber’s revenue fell 29% to $2.2 billion in the second quarter, as was widely expected. There were silver linings. Rides generated a...

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