Uber CEO Says About 13% Of "Our Eaters Have Ordered Grocery, That's Up About 300 Bps Y/Y"
Portfolio Pulse from Benzinga Newsdesk
Uber CEO announced at the Goldman Sachs Conference that about 13% of Uber Eats users have ordered groceries, marking a year-over-year increase of about 300 basis points.
September 07, 2023 | 6:16 pm
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Uber's grocery delivery service is gaining traction, with a 300 basis points YoY increase in users ordering groceries through Uber Eats.
The increase in Uber Eats users ordering groceries indicates a successful expansion of Uber's services beyond ride-hailing and food delivery. This could potentially boost Uber's revenues and make it more attractive to investors, positively impacting its stock price in the short term.
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