Subtitles section Play video Print subtitles food delivery is proving a lifeline for uber, the firm says. Demand for take aways exploded over the latest quarter as consumers stayed home. Revenue at its delivery unit, including Uber Eats, more than doubled as a result, hitting a record $1.45 billion. The rest of the apse earning report was more mixed. Reid numbers were sapped by a slow recovery in demand, particularly on the U. S West Coast. Gross bookings were down 50% on this time last year, though up from the deep slump seen in the spring. Profit margins also came under pressure, with riders searching for the best prices overall that saw third quarter revenue hit $3.13 billion just short off analyst forecasts. Now the outlook for the coming months looks very uncertain, with many European countries imposing new restrictions, though Uber executives say the firm could see ride Bookings dropped 20% below pre crisis levels on still hit its profit targets, and they seem or hope in food delivery.
B1 uber food delivery delivery quarter profit revenue Food delivery boom helps Uber in tough quarter 16 1 林宜悉 posted on 2020/11/09 More Share Save Report Video vocabulary