Top
image credit: Unsplash

Uber’s food delivery arm leads company’s resurgence

August 5, 2021

Via: Charged
Category:

Uber has announced its latest quarterly report which shows the company is starting to bounce back from its pandemic losses.

The company posted $3.93 billion in total revenues, beating analysts expectations, however its increased investment in its food delivery arm has lead the resurgence.

Uber Eats recorded $1.9 billion in total revenue, while its mobility arm posted $1.6 billion.

There has been significant investment in the food delivery arm over the last 12 months as the pandemic halted growth in its mobility division, as the company acquired Postmates and alcohol delivery service Drizly in a bid to combat its rivals.

Read More on Charged