Uber Eats, micromobility services are growing faster than Uber’s core ride-hailing business

TechCrunch | 5/30/2019 | Staff
emilia (Posted by) Level 3
Click For Photo: https://techcrunch.com/wp-content/uploads/2018/09/disruptsf18_dara_khosrowshahi_uber-0929.jpg?w=600




Uber’s ride-hailing business is growing more slowly than its newer bets. In Uber’s Q1 2019 earnings, the company reported gross bookings growth of 230 percent for its other bets, while ridesharing grew just 22 percent compared to the same quarter last year.

Gross bookings are the revenue earned minus things like taxes, tolls, fees, wages paid to drivers, restaurants and so forth.

Bets - Bookings - Q1 - Freight - Mobility

Other bets, with gross bookings of $132 million for Q1 2019, includes freight and new mobility, which entails bikes...
(Excerpt) Read more at: TechCrunch
Wake Up To Breaking News!
The Democratic Party would be dead without the Republican Enabler Party! GOPe, fighting for Democrats since...
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!