Uber Eats

A tale of 2 food apps: Uber Eats grows, DoorDash finds new verticals

Uber Eats and DoorDash go different directions in Q3 after earnings releases

There’s nothing quite like having your lunch delivered to your doorstep by Uber Eats — except having your lunch delivered to your doorstep by DoorDash. The two longtime food delivery rivals have been at each other’s throats for years, competing to cement themselves as the primary option for consumers in the U.S. and abroad.

So far, Uber Eats has won the global battle –– it’s available on six continents and is first or second in gross orders in just about every country in which it operates ––...

https://www.freightwaves.com/news/a-tale-of-2-food-apps-uber-eats-grows-doordash-finds-new-verticals

Rideshare rebound: Breaking down Uber’s and Lyft’s big Q3

Uber and Lyft earnings analysis strong quarter of profitability for rideshare companies

In 2019, a pair of financially unproven but promising rideshare companies debuted two of the largest public offerings of the decade, just two weeks apart from each other –– and they let just about everyone down.

At the time, assessments of Uber’s and Lyft’s IPOs ranged from “modest” to outright “bleak” as the rivals failed to live up to the lofty expectations they had set for themselves. People had questions about the companies, and rightfully so. In the calendar year leading up to its IPO, Uber

https://www.freightwaves.com/news/rideshare-rebound-breaking-down-ubers-and-lyfts-big-q3

Uber posts first-ever adjusted profit as drivers return

Uber posts first adjusted profit in Q3 2021 earnings, good quarter for Uber Eats and Uber Freight

It’s official –– Uber has turned in a profitable quarter for the first time since becoming a publicly traded company in 2019.

The company’s Q3 earnings release revealed an adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) profit of $8 million, a narrow margin but enough to get Uber over the hump and into the realm of profitability.

Uber (NYSE: UBER) also beat the consensus analyst estimates for revenue during a quarter when the company’s gross bookings reached an...

https://www.freightwaves.com/news/uber-posts-first-ever-adjusted-profit-as-drivers-return

Dinner and diapers: Uber Eats now delivering for Bed Bath & Beyond

The Uber Eats app is no longer just for getting hot food from local restaurants. Users can now order baby and home products from Bed Bath & Beyond through the app.

More than 120 buybuy Baby and 750 Bed Bath & Beyond stores are participating in the service, allowing customers to order items across the retailer’s product line, including popular items from brands such as Honest, Yumi, Lalo, Little Spoon, as well as everything Bed Bath & Beyond  (NASDAQ: BBBY) offers for the home.

“We’re thrilled to...

https://www.freightwaves.com/news/dinner-and-diapers-uber-eats-now-delivering-for-bed-bath-beyond

Mapping the final foot: Beans.ai emerges with grand plans to optimize delivery

Several years ago, Nitin Gupta needed help. His mother had gone into shock and Gupta immediately called 911, summoning paramedics to his Mountain View, California, apartment complex.

“Five or six minutes into my call they arrived at the building, but I couldn’t leave my mother alone [to guide them to the apartment] and it took them 15 minutes to find my unit,” he related to Modern Shipper in a recent interview.

Fortunately, Gupta’s mother survived and is doing well today. Reflecting on the...

https://www.freightwaves.com/news/mapping-the-final-foot-beans-ai-emerges-with-grand-plans-to-optimize-delivery

This company is turning gig workers into gig economy shareholders

Moves Financial is giving stock in gig companies to gig workers

As gig economy companies like Uber continue to bring in more money and users, the rising tide has not lifted all boats.

In the last quarter, rideshare and food delivery companies raked in the revenue: Uber brought in nearly $4 billion; DoorDash accrued $1.24 billion; Just Eat Takeaway, which owns Grubhub, made $884 million; and Lyft generated $765 million. But where is that money going?

According to Matt Spoke, CEO of gig economy fintech provider Moves Financial, a lot of it is being spent on...

https://www.freightwaves.com/news/this-company-is-turning-gig-workers-into-gig-economy-shareholders

3 Canadian drivers claim dismissal for following Uber’s COVID guidelines

3 uber drivers claim they were fired gig economy rideshare

Three Uber drivers in Richmond, British Columbia, Canada, claim they were fired for adhering to the company’s COVID-19 safety guidelines, several sources reported Sunday. The drivers reportedly were laid off after refusing to serve customers who threatened violence or bad reviews when told to put on a mask.

“I bought a new car, borrowed money from my friend and planned to start studying for my future, but my livelihood was stolen from me,” explained driver Bhupinder Singh in a statement from UFCW...

https://www.freightwaves.com/news/3-canadian-drivers-claim-dismissal-for-following-ubers-covid-guidelines

NYC legislation establishes minimum payment per trip for delivery drivers

Grubhub, DoorDash and Uber Eats must now pay NYC delivery drivers a minimum payment per trip

New York City is quickly becoming one of the front lines in the battle for gig worker protections. 

In May 2020, the city enacted commission caps on third-party delivery services, limiting the amount they could charge partnering restaurants to 15% in an effort to help them weather the economic throes of the pandemic. About a month ago, it made those caps permanent. Predictably, the big three food delivery services, Uber Eats, DoorDash and Grubhub, reacted the same way they did when San Francisco...

https://www.freightwaves.com/news/nyc-legislation-establishes-minimum-payment-per-trip-for-delivery-drivers

Uber eyes positive Q3 EBITDA, shares jump 6% premarket

Uber aims for profitability and raises outlook

In some big news for the rideshare giant, Uber on Tuesday revised its Q3 2021 outlook and now expects earnings before interest, taxes, depreciation and amortization to be positive as early as this quarter. Shares of the company’s stock jumped north of 6% on premarket movement on the New York Stock Exchange Tuesday morning.

In an SEC filing, Uber (NYSE: UBER) said that it now expects EBITDA for the current quarter to come in somewhere between a $25 million deficit and a $25 million profit, a...

https://www.freightwaves.com/news/uber-eyes-positive-q3-ebitda-shares-jump-6-premarket

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