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" As of July [2017], UberEats was profitable in 27 of the 108 cities where it operated. Uber declined to reveal the service’s revenue." https://www.nytimes.com
by jersey 7y ago
" As of July [2017], UberEats was profitable in 27 of the 108 cities where it operated. Uber declined to reveal the service’s revenue."
https://www.nytimes.com/2017/09/23/technology/ubereats-food-delivery.html?_r=2 https://www.nytimes.com/2017/09/23/technology/ubereats-food-...
- larnmar 7y agoWithout knowing the details of their business, it seems likely that Uber is happy to lose money to get a decent foothold in a market, and then slowly change priorities from growth to profitability. I noticed today that the people who used to hand out $20 off your first Uber Eats coupons in my town are now down to $15... presumably part of this process.