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uber/lyft

Uber Revenue Rises 83% Thanks to Delivery Business Gains

By
Berber Jin
· · Source: The Information

Uber on Wednesday said its revenue increased 83% to $5.8 billion in the fourth quarter compared to the year-ago period, thanks in large part to the fast growth of its Uber Eats restaurant delivery service. Delivery revenue rose 78% to $2.4 billion, and was nearly six times higher than the same period in 2019, before the pandemic lockdowns drove a surge in demand. Revenue from ride-hailing rose...

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