Uber: meal and grocery delivery outpaces personal transportation

For Uber, the 2021 financial results confirm the decline of the historical business of private passenger cars and the growth of Uber Eats.

In Q4 2022, out of the group’s US$5.78 billion in revenue, 41% came from meal delivery and 39% from the passenger cars business. This is the first time that Uber Eats is the largest contributor to the group’s revenue. In addition, losses were sharply reduced to US$ 496 million for the year, with a net profit of US$ 892 million in Q4. Wit