Uber Eats plots push into grocery deliveries

Uber eats jpg

Uber is eyeing a push into grocery deliveries as growth in its core ride-sharing business stalls.

The tech titan’s potential plans were revealed after its Uber Eats food ordering and delivery platform registered a 72% spike in revenue to $595m (£492m) in the three months to June 30.

That rate of growth easily outstripped that of the wider group, where total revenues advanced 14.4% to $3.2bn (£2.7bn).

Despite the sales spike, Uber suffered a loss of $5.2bn (£4.3bn), increasing from $878m (£726m) in the same quarter last year, and is now seeking to build on the fastest-growing part of its business.

Subscription content

Please sign in now if you have a subscription

Retail Week

Register to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • 3 free articles a month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.