Uber’s meals supply enterprise was greater than ride-hailing in 2021

Uber generated extra income from meals supply than from its experience hailing platform in 2021, with Uber Eats chargeable for 45 p.c of the corporate’s whole revenues.

The pandemic elevated Uber Eats to a brand new degree of significance, as mobility income declined 68 p.c within the second quarter of 2020.

Uber mobility vs supply income

Whereas Uber has added extra riders every quarter since summer season 2020, mobility income has not returned to pre-pandemic ranges. Uber made $10.4 billion in 2019 from mobility, in 2021 the phase generated a complete of $7.3 billion.

On the identical time, Uber Eats has grown from $1.9 billion to $8 billion income. That places it forward of Supply Hero, DoorDash and Simply Eat Takeaway in total revenues, though Uber Eats is out there in additional nations.

Regardless that it nonetheless failed to achieve profitability for the yr, within the fourth quarter it had a $892 million revenue, with its mobility and supply segments reporting a revenue.

Uber additionally made $2.1 billion income from its Freight phase, a rise of $1.2 billion on 2020.

The longer term for Uber appears to be centered on supply, with expansions into grocery supply in Europe and North America in 2022.

As compared, its mobility phase is perhaps slowed down by additional laws, akin to the determination by the UK Supreme Courtroom that Uber has to contemplate its drivers workers, not impartial contractors.