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

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

5 years ago
Anonymous $9jpehmcKty

https://techcrunch.com/2019/05/30/uber-eats-micromobility-services-are-growing-faster-than-ubers-core-ride-hailing-business/

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.