Uber Eats and delivery business continue to rake in profits

Uber Eats delivery courier

Uber’s delivery business continues to deliver profits. The ride-hailing, food-delivering, freight-hauling superapp reported Q1 2022 earnings before the bell Wednesday, and in what was a strong quarter overall, Uber Eats and the company’s growing suite of delivery offerings again played a key role, posting all-time highs in both gross bookings and active merchants.

Shares of Uber (NYSE: UBER) were down about 11% in the early hours of trading on Wednesday due to losses on its investments in Grab,...

https://www.freightwaves.com/news/uber-eats-and-delivery-business-continue-to-rake-in-profits

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