Last week Uber released its earnings for the second quarter, which arguably were underwhelming. One of the most interesting things from the numbers — which TechCrunch characterised as “less than rosy” — is the flip-over on how parts of the business are performing.
The delivery division, known as Uber Eats, has outperformed ride-hailing in terms of adjusted net revenue. This illustrates the effect of the pandemic on the Uber model: people aren’t heading out; they are ordering in.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
Source: Law Daily Report (lawdailyreport.net)
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