Uber demand jumps as delivery grows, ride-hailing recovers
ABC News
Uber saw record demand in the first quarter as its food delivery business grew while lockdowns ended and more customers hailed rides
Uber saw record demand in the first quarter as its food delivery business grew while lockdowns ended and more customers hailed rides The San Francisco-based company said Wednesday that its bookings jumped 24% to $19.5 billion —— an all-time high —— in the January-March period. That was far ahead of the $18 billion Wall Street was anticipating, according to analysts polled by FactSet. Uber said its delivery bookings rose 166% from the same period last year. Mobility —— or ride-hailing —— bookings were down 38%, but that was narrower than the year-over-year losses the company saw most of last year. “Uber is starting to fire on all cylinders, as more consumers are riding with us again while continuing to use our expanding delivery offerings,” Uber CEO Dara Khosrowshahi said in a statement. Uber announced in February that it was buying the alcohol delivery service Drizly.More Related News