Uber narrows loss as hunger for food delivery business grows during pandemic
by Kari Paul from Technology | The Guardian on (#5HFZY)
Delivery bookings rose 166% from the same period last year, leading to better-than-expected earnings despite flat ride bookings
Uber's thriving food delivery business, aided by a bump in home deliveries during lockdowns, helped the company counteract a slow quarter for ride-hailing bookings amid the pandemic.
The company announced better-than-expected earnings in its first quarter of 2021, despite reporting its ride bookings were flat from the previous quarter and had decreased year over year.
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