Uber Eats launches ‘most comprehensive update yet’ to grocery delivery

Uber Eats delivery person

Two years after introducing grocery delivery to Uber Eats, the platform just put out its “most comprehensive update yet.”

Uber Eats on Thursday revealed several new features it plans to add to its grocery delivery service in the coming weeks, including an option for customers to schedule deliveries from stores that are closed. Other new features include live order tracking and an improved system for offering product replacements, Uber said in a blog post.

“Starting next week in select cities, and...

https://www.freightwaves.com/news/uber-eats-launches-most-comprehensive-update-yet-to-grocery-delivery

Uber Delivery delivers first quarterly adjusted profit

Uber is making its case as a superapp. The ride-hailing, freight-hauling, food-delivering platform reported its Q4 2021 and FY2021 earnings after the bell on Wednesday, recording its first profitable quarter for delivery in terms of adjusted earnings before income, taxes, depreciation and amortization.

The delivery segment’s adjusted EBITDA of $25 million helped drive a healthy quarter for Uber. For all segments, that figure was $86 million, topping the high end of Uber’s guidance and marking...

https://www.freightwaves.com/news/uber-delivery-delivers-first-quarterly-adjusted-profit

Eats, Delivery pushing Uber toward profitability

Uber’s (NYSE: UBER) earnings results, announced on Wednesday, offer a mixed bag of news. On the Rides side, business continues to struggle to escape from the COVID-19 pandemic, but the remainder of the business is showing signs of strength. That led to CEO Dara Khosrowshahi declaring on CNBC Thursday morning that profitability is within sight, perhaps by the end of 2021.

KeyBanc and Cowen both raised their price targets for the company, with KeyBanc maintaining an overweight rating and raising...

https://www.freightwaves.com/news/eats-delivery-pushing-uber-toward-profitability