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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POSITIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100