Uber Eats, micromobility services are growing faster than Uber’s core ride-hailing business
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.
Uber Eats, micromobility services are growing faster than Uber’s core ride-hailing business
May 30, 2019, 9:16pm UTC
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.