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Aug, 17 2018

Uber deliberately invests in Uber Eats and high-potential markets

Having a $6 billion run rate, Uber Eats business is growing 200% per year.

Despite the cab-hailing app Uber saw its losses widening year-on-year in the June 2018 quarter, it is still deliberately investing in products like Uber Eats and Pool as well as high-potential markets in Middle East and India. Uber's June 2018 quarter net revenue was $2.7 billion while gross bookings were $12 billion.

India and Middle East markets present long-term growth opportunities for Uber's rides as well as Eats businesses given the large, growing urban population. Having a $6 billion run rate, Uber Eats business is growing 200% per year.

Dara Khosrowshahi, Uber’s CEO, said, "Going forward, we're deliberately investing in the future of our platform: big bets like Uber Eats; congestion and environmentally friendly modes of transport like Express Pool, e-bikes and scooters; emerging businesses like Freight; and high-potential markets in the Middle East and India where we are cementing our leadership position".

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