Uber brought in $3.54 billion in revenue in the first quarter, up 14% from the same time last year.
Gross bookings grew 8% to $15.8 billion, with 54% growth in the food delivery business and a 3% decline in rides, on a constant currency basis. Demand for the Eats business grew 89% in April, excluding India, and “we’ve seen an enormous acceleration in demand since mid-March,” Khosrowshahi said.“There’s going to be more room for more than one player,” Khosrowshahi said. “We’re in many of these cities already. So we just have the infrastructure to be able to get started in these cities … in a very low cost way.”
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