3 ms·

Uber Eats revenue in 2018 is $1.46B which is pretty impressive regarding other income: > Gain on divestitures increased by $3.2 billion from 2017 to 2018. This

by buryat 8y ago

Uber Eats revenue in 2018 is $1.46B which is pretty impressive regarding other income: > Gain on divestitures increased by $3.2 billion from 2017 to 2018. This increase was due to gains on the divestitures of our Russia/CIS and Southeast Asia operations. Covered on page 85, basically spinoffs with other regional leaders

cududa 8y ago
Ive heard from reliable sources 10% of Uber Eats revenue goes to McDonald’s (not promotionally, in revenue)
- CydeWeys 8y ago
  Wow, that many people are ordering delivery McDonald's? Maybe McDonald's should start delivery services in some markets itself then?
  - deleted 8y ago
    [deleted]
  - darpa_escapee 8y ago
    I'm noticing more chains offering delivery, I wouldn't be surprised if McDonald's is next.
  - graphememes 8y ago
    Bad idea. Overhead from running your own delivery service is high, and the profit wouldn't be more than using the existing network of delivery services. It would probably be negative.
  - buryat 8y ago
    the problem is that you have to have constant stream of orders to justify having people who deliver on payroll. Uber basically has people who deliver and then rent them to restaurants so they never have a problem of constant load.
    - yomly 8y ago
      +1 We recently ordered food from a Chinese restaurant that insisted on their own in house app and went as far as pulling themselves off Uber eats. We gave them the benefit of the doubt and tried the in house delivery service - food took ~2 hours to arrive, presumably because their throughput to fulfil orders was capped by the number of drivers they could afford to hire full time - it was like going back to the days of every place having delivery men. UberEats usually takes ~35 minutes for reference.
  - sho 8y ago
    They do. Google "mcdelivery" - it's all through south east asia.
    - ma2rten 8y ago
      Many fast food restaurant chains deliver in South East Asia. It's a bit different because fast food is not the cheapest option there, but it's a step up from street food.
    - rsstack 8y ago
      McDelivery is the name of the global initiative and it is implemented differently in different countries. In the US, McDelivery is fulfilled by Uber Eats.
  - martinald 8y ago
    I think they probably know they can't do it anywhere near the "cost" that Uber eats charges. It's low value orders so not much comission (my guess) and the delivery fee doesn't cover what they pay the drivers. Plus all the bad PR of running a "gig economy" fleet.
  - deleted 8y ago
    [deleted]
  - kgwgk 8y ago
    Why would McDonald's want to do the delivery if Uber volunteers to do it losing money?
    - gmueckl 8y ago
      Exploiting a business partner that is operating at a loss is a bad move when said partner is providing a significant part of your revenue. You are placing that revenue in jeopardy without good reason. But in the McDonalds/Uber case I don't think that Uner is imortant enough to McDonalds.
      - yomly 8y ago
        How does the product/revenue work when McDonald's are all franchises - does McD corporate have a first-order incentive to worry about delivery revenue?
  - paxy 8y ago
    It does in parts of the world where costs are low. Over here it makes sense for them to let Uber/VCs subsidize the operation.
  - yomly 8y ago
    They have 247 delivery in a lot of Asian markets - and I know first hand for at least more than 10 years in China so it's not like McD HQ don't have the business experience of launching the product...
    - harrygeez 8y ago
      Yeah I'm from Malaysia and we have McDelivery for as long as I can remember. Imagine my surprise when I first went to Europe and found out that McDonald's is not 24/7 and doesn't do delivery.
nemothekid 8y ago
I'm surprised that Eats is doing more revenue than GrubHub and much more revenue than Caviar.
- eggie5 8y ago
  can you share the two numbers you are using for comparison? The Q4 numbers I see: Uber Eats: $165 million Grub Hub: $205 million* * https://investors.grubhub.com/investors/press-releases/press-release-details/2018/Grubhub-Reports-Record-Fourth-Quarter-Results/default.aspx https://investors.grubhub.com/investors/press-releases/press...
  - nemothekid 8y ago
    From Page F-31 / 114 of the S1, Uber Eats 2018 revenue is 1.460B. GrubHub's 2018 Revenue was 1.0B (https://investors.grubhub.com/investors/press-releases/press-release-details/2019/Grubhub-Reports-Record-Fourth-Quarter-And-Full-Year-2018-Results/default.aspx https://investors.grubhub.com/investors/press-releases/press...)
  - albertshin 8y ago
    your Grubhub number is referring to Q4'17...
- fernandotakai 8y ago
  well, uber eats is in a lot of countries that grubhub is

by buryat 8y ago

cududa 8y ago

Ive heard from reliable sources 10% of Uber Eats revenue goes to McDonald’s (not promotionally, in revenue)

CydeWeys 8y ago
Wow, that many people are ordering delivery McDonald's? Maybe McDonald's should start delivery services in some markets itself then?
- deleted 8y ago
  [deleted]
- darpa_escapee 8y ago
  I'm noticing more chains offering delivery, I wouldn't be surprised if McDonald's is next.
- graphememes 8y ago
  Bad idea. Overhead from running your own delivery service is high, and the profit wouldn't be more than using the existing network of delivery services. It would probably be negative.
- buryat 8y ago
  the problem is that you have to have constant stream of orders to justify having people who deliver on payroll. Uber basically has people who deliver and then rent them to restaurants so they never have a problem of constant load.
  - yomly 8y ago
    +1 We recently ordered food from a Chinese restaurant that insisted on their own in house app and went as far as pulling themselves off Uber eats. We gave them the benefit of the doubt and tried the in house delivery service - food took ~2 hours to arrive, presumably because their throughput to fulfil orders was capped by the number of drivers they could afford to hire full time - it was like going back to the days of every place having delivery men. UberEats usually takes ~35 minutes for reference.
- sho 8y ago
  They do. Google "mcdelivery" - it's all through south east asia.
  - ma2rten 8y ago
    Many fast food restaurant chains deliver in South East Asia. It's a bit different because fast food is not the cheapest option there, but it's a step up from street food.
  - rsstack 8y ago
    McDelivery is the name of the global initiative and it is implemented differently in different countries. In the US, McDelivery is fulfilled by Uber Eats.
- martinald 8y ago
  I think they probably know they can't do it anywhere near the "cost" that Uber eats charges. It's low value orders so not much comission (my guess) and the delivery fee doesn't cover what they pay the drivers. Plus all the bad PR of running a "gig economy" fleet.
- deleted 8y ago
  [deleted]
- kgwgk 8y ago
  Why would McDonald's want to do the delivery if Uber volunteers to do it losing money?
  - gmueckl 8y ago
    Exploiting a business partner that is operating at a loss is a bad move when said partner is providing a significant part of your revenue. You are placing that revenue in jeopardy without good reason. But in the McDonalds/Uber case I don't think that Uner is imortant enough to McDonalds.
    - yomly 8y ago
      How does the product/revenue work when McDonald's are all franchises - does McD corporate have a first-order incentive to worry about delivery revenue?
- paxy 8y ago
  It does in parts of the world where costs are low. Over here it makes sense for them to let Uber/VCs subsidize the operation.
- yomly 8y ago
  They have 247 delivery in a lot of Asian markets - and I know first hand for at least more than 10 years in China so it's not like McD HQ don't have the business experience of launching the product...
  - harrygeez 8y ago
    Yeah I'm from Malaysia and we have McDelivery for as long as I can remember. Imagine my surprise when I first went to Europe and found out that McDonald's is not 24/7 and doesn't do delivery.

nemothekid 8y ago

I'm surprised that Eats is doing more revenue than GrubHub and much more revenue than Caviar.

eggie5 8y ago
can you share the two numbers you are using for comparison? The Q4 numbers I see: Uber Eats: $165 million Grub Hub: $205 million* * https://investors.grubhub.com/investors/press-releases/press-release-details/2018/Grubhub-Reports-Record-Fourth-Quarter-Results/default.aspx https://investors.grubhub.com/investors/press-releases/press...
- nemothekid 8y ago
  From Page F-31 / 114 of the S1, Uber Eats 2018 revenue is 1.460B. GrubHub's 2018 Revenue was 1.0B (https://investors.grubhub.com/investors/press-releases/press-release-details/2019/Grubhub-Reports-Record-Fourth-Quarter-And-Full-Year-2018-Results/default.aspx https://investors.grubhub.com/investors/press-releases/press...)
- albertshin 8y ago
  your Grubhub number is referring to Q4'17...
fernandotakai 8y ago
well, uber eats is in a lot of countries that grubhub is