Uber Eats, whose gross bookings more than doubled, continued its loss-making streak but narrowed losses. Photo: ReutersUber Eats, whose gross bookings more than doubled, continued its loss-making streak but narrowed losses. Photo: Reuters
Uber Eats, whose gross bookings more than doubled, continued its loss-making streak but narrowed losses. Photo: Reuters

Uber's food-delivery business doubles but Covid-19 eviscerates rides demand

  • Revenue at Uber Eats doubled to US$1.2 billion, boosted by greater demand for delivery as Americans largely continue to stay home
  • While Uber’s ride-hailing segment remained battered by the coronavirus crisis, it was the only segment generating an adjusted Ebitda profit, of US$50 million

Topic |   Uber
Uber Eats, whose gross bookings more than doubled, continued its loss-making streak but narrowed losses. Photo: ReutersUber Eats, whose gross bookings more than doubled, continued its loss-making streak but narrowed losses. Photo: Reuters
Uber Eats, whose gross bookings more than doubled, continued its loss-making streak but narrowed losses. Photo: Reuters
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