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Uber’s delivery business tops core ride-hailing as pandemic rocks earnings

Uber’s delivery business tops core ride-hailing as pandemic rocks earnings

Uber Inc said demand for its food delivery service more than doubled in the second quarter as many users remained largely homebound, while demand for ride-hailing trips was only marginally recovering from pandemic rock bottom. Gross bookings in Uber’s mobility rides unit slumped 75% to $3.1B in the second quarter while in the delivery segment, gross bookings more than doubled to nearly $7B.

Kathy
Kathy
Top in Business