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The Guardian - US
The Guardian - US
Technology
Kari Paul

Uber’s earnings bouncing back as food delivery service finally shows a profit

Uber Uber Eats United States
A green food warming bag carries the Uber Eats logo with a McDonald's logo in the background.
Uber’s food delivery service has turned profitable for the first time, the company said on Wednesday. Photograph: Eva Plevier/Reuters

Uber’s food delivery service Uber Eats has turned profitable for the first time, the company said on Wednesday, in an earnings report that revealed it may be bouncing back after a rough run during lockdown.

Shares rose 6.8% in after-hours trading after the company’s report showed $5.8bn in revenue for the fourth quarter of 2021, beating estimates of $5.36bn. It said demand for its ride-hailing service was again approaching pre-pandemic levels.

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