After the pandemic hit, the Uber core platform (mobility) slowed down substantially, and its volume in gross bookings was replaced by the incredible growth of the delivery business (Uber Eats). However, by the end of 2023, the mobility platform’s volume was larger than the volume of gross bookings on the delivery platform. Indeed, in Q4 2023, Uber Mobility reported a volume of $19.28 billion, compared to the $17.01 billion in gross bookings for the delivery platform.
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In 2022, Uber mobility took 27% of each booking on the platform. At the same time, Uber Eats took 20% of each booking on the delivery platform. The take rate varies according to demand and supply but also market dynamics. In short, in periods of increased competition, the service might charge lower take rates to keep up with it. In 2022, Uber pushed on efficiency, thus raising its take rates, to move toward profitability.
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