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Industry Keyword: Uber Eats

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DoorDash surges on revenue beat, stand out among pandemic darlings

Shares of DoorDash Inc have surged some 16.5% after the food-delivery company beat estimates for quarterly revenue, a rare bright spot among stay-at-home darlings that have seen their stocks languish post results. The company's 34%...

Uber 2024 profit forecast falls short of expectations, shares drop

Uber laid out a $5 billion operating profit for 2024 that fell short of analyst estimates, sending its shares down 4% on Thursday, even as the ride-hailing company revealed several strategies to boost ridership...

Uber posts profit as ride demand recovers, delivery remains strong

Uber Technologies has reported its second quarterly operating profit as demand for its ride-hailing service approached pre-pandemic levels and its food delivery business turned profitable for the first time. Shares were up nearly 6% in...

NYC will not enforce restaurant customer data-sharing law while DoorDash sues

New York City agreed to hold off on requiring food delivery companies to share customer data with restaurants, the subject of a recent lawsuit by DoorDash Inc. In a joint filing with the US District...

Uber could post first adjusted profit this quarter as ride demand returns

Uber could post its first profit on an adjusted basis for the current quarter, reaching the elusive milestone sooner than expected as online food ordering surges and ride bookings recover from pandemic lows. Shares of...

DoorDash sues New York over customer data law, second lawsuit in week

DoorDash Inc sued New York City over a new law requiring food delivery companies to share customer data with restaurants, saying it violates customer privacy and lets restaurants compete unfairly. The lawsuit is the latest...

New York City approves licenses, commission caps for food-delivery apps

The New York City Council has approved legislation to license food-delivery apps including Grubhub, DoorDash and Uber Eats and to permanently cap commissions they can charge restaurants. The companies say the price controls are unfair...

Takeaway.com posts operating loss of $224 million, sees improvement in second half

App-based delivery giant Just Eat Takeaway.com has reported a better-than-expected operating loss of 190 million euros (approximately $224 million) for the first half of 2021. Analysts in a company-compiled poll had forecast a loss before...

Uber posts $509 million adjusted loss on driver incentives even as trips rise

Uber Technologies Inc reported widening losses as it spent more to entice drivers to return to its platform, sending shares of the ride-hail and food delivery company down in after-hours trade. Investors sold the shares...

Uber’s trucking unit to buy logistics planner Transplace for $2.25 billion

Uber Technologies Inc's trucking business is buying transportation logistics company Transplace for about $2.25 billion from private equity firm TPG Capital, in a deal that is expected to speed up the unit's path to...

Lyft says recovery in ride-hailing could bring third-quarter profit

Ride-hailing player, Lyft Inc has said it could make an adjusted profit by the third quarter of this year despite the pandemic thanks to additional cost cuts and an expected rebound in ride-hail demand...

Uber launches medicines delivery service in South Africa

Uber Eats' South African unit has expanded its delivery offerings, launching an app-based over-the-counter medicines service as it seeks to claw market share in the fast-growing online shopping sector in Africa's most industrialised economy. Uber...