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Benzinga
Benzinga
Business
FreightWaves

FORGOTTEN HISTORY: Uber reports record revenue but delivery takes a back seat - The Untold Story

Uber Dara Khosrowshahi Eats Pandemic United States

It looks like rideshare is back in the driver's seat for Uber (NYSE:UBER) after Eats and its delivery business steered the company through the pandemic.

The company reported a record $8.1 billion in revenue for the second quarter of 2022, up 33% from a year ago, due largely to growth in its mobility business. More drivers (5 million) and customers (122 million per month) used Uber's platform in Q2 than ever before, which helped it offset losses from its investments in Aurora, Grab and Zomato.

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