uber-eats-revenue-q3-2022

Uber Eats Revenue Q3 2022

Business / By /

Uber Eats generated $2.77 billion in revenues in Q3 2022, compared to $2.24 billion in Q3 2021. The take rate for Uber Eats was 20.2% in Q3 2022, vs. 17.4% in Q3 2021. Uber Eats posted $13.68 billion in gross bookings in Q3 2022 vs. $12.83 billion in Q3 2021.

RevenuesQ3 2021Q3 2022
Mobility$2.2B$3.82B
Delivery$2.24B$2.77B
Freight$0.4B$1.75B
Gross BookingsQ3 2021Q3 2022
Mobility$9.88B$13.68B
Delivery$12.83B$13.68B
Freight$0.402B$1.75B
Take RatesQ3 2021Q3 2022
Mobility22.3%27.9%
Delivery17.4%20.2%
MetricsQ3 2022
MAPCs124MM
Trips1.95B
Gross Bookings$29.12B
AreasRevenues
United States and Canada$5B
Latin America$0.52B
Europe, Middle East and Africa$1.88B
Asia Pacific$0.95B

Connected Business Models

Uber

uber-business-model
Uber is a two-sided marketplace, a platform business model that connects drivers and riders, with an interface with gamification elements that make it easy for two sides to connect and transact. Uber makes money by collecting fees from the platform’s gross bookings.

Uber Eats

uber-eats-business-model
Uber Eats is a three-sided marketplace connecting a driver, a restaurant owner, and a customer with the Uber Eats platform at the center. The three-sided marketplace moves around three players: Restaurants pay commission on the orders to Uber Eats; Customers pay small delivery charges, and at times, cancellation fees; Drivers earn through making reliable deliveries on time.

DoorDash

how-does-doordash-make-money
DoorDash is a platform business model that enables restaurants to set up no-cost delivery operations. At the same time, customers get their food at home, and dashers (delivery people) earn some extra money. DoorDash makes money by markup prices through delivery fees, memberships, and advertising for restaurants on the marketplace.

Glovo

glovo-business-model
Glovo is a Spanish on-demand courier service that purchases and delivers products ordered through a mobile app. Founded in 2015 by Oscar Pierre and Sacha Michaud as a way to “uberize” local services. Glovo makes money via delivery fees, mini-supermarkets (fulfillment centers that Glovo operates in partnership with grocery store chains), and dark kitchens (enabling restaurants to increase their capacity).

GrubHub

grubhub-business-model
Grubhub is an online and mobile platform for restaurant pick-up and delivery orders. In 2018 the company connected 95,000 takeout restaurants in over 1,700 U.S. cities and London. The Grubhub portfolio of brands like Seamless, LevelUp, Eat24, AllMenus, MenuPages, and Tapingo. The company makes money primarily by charging restaurants a pre-order commission, and it generates revenues when diners place an order on its platform. Also, it charges restaurants that use Grubhub delivery services and when diners pay for those services. 

Instacart

how-does-instacart-make-money
Instacart’s business model enables an easy setup for grocery stores, the comfort for customers to get their shopping delivered at home, and an additional income stream for personal shoppers. Instacart makes money by charging service fees via memberships and running performance advertising on its platform.

Lyft

lyft-business-model
Lyft is a transportation-as-a-service marketplace allowing riders to find a driver for a ride. Lyft has also expanded with a multimodal platform that gives more options like bike-sharing or electric scooters. Lyft primarily makes money by collecting fees from drivers who complete rides on the platform.

Postmates

postmates-business-model
Postmates is a food delivery service built as a last-mile platform connecting locals with shops. Postmates collects fees (commission, delivery, service, cart, and cancellation fees). It also makes money via its subscription service (called Unlimted – $9.99/month or $99.99 annually), giving free delivery on orders of more than $12.

More Resources

Discover more from FourWeekMBA

Subscribe now to keep reading and get access to the full archive.

Continue reading

Scroll to Top
FourWeekMBA