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Uber’s food delivery business outpaced ride business

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Uber’s food delivery business overtook the main passenger services business during the quarter.

new Delhi. Uber’s food delivery business, which provides mainly passenger services, has performed better in the third quarter of this year. This new business outpaced the company’s main passenger services business during the quarter.

Loss of $ 1.09 billion in third quarter
This shows how the epidemic has changed the behavior of consumers and how the company has adapted itself to the changing circumstances. Uber lost $ 1.09 billion in the third quarter. During this period, the company’s income fell 18 percent to $ 3.13 billion compared to the year before. Income from the company’s traffic business declined by 53 percent to $ 1.37 billion during the year.

Outperforming passenger services business in second quarter alsoEven though the performance of the traffic business has deteriorated compared to a year ago, it has improved compared to the second quarter ie April-June. In the June quarter, revenue from this segment was just $ 79 million. The revenue of Uber Food Business increased 125 percent to $ 1.45 billion during the year. The reason for this is because of the epidemic, people go out to reduce food and increase delivery.

read this also- Confused about income tax return, so understand here whether you have to file ITR or not

Uber’s food delivery business outperformed the passenger services business in the second quarter as well. Uber Chief Executive Officer (CEO) Dara Khosroshahi said in a statement that the team performed better in uncertain and difficult times.

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