Uber Eats Revenue and Growth Statistics (2024)

Amazing facts about Uber Eats

• Recently, the valuation of Uber Eats reached $20 billion, while its parent company, Uber Technologies Inc., was valued at $120 billion.
• In 2022, Uber Eats was the second most downloaded food app globally, with nearly 47 million downloads.
• According to Google Play, the app has been downloaded over 100 million times worldwide.
• As of 2022, Uber Eats holds a market share of 27% in the United States, which has remained consistent over the past four years.
• In April 2021, Uber Eats was the most popular food delivery service in the US. In Miami, it had the largest sales share at 55%, while in San Francisco, it had the lowest at only 11%.
• According to recent market research, Uber Eats has been making great strides in the food delivery industry, with a current market share of 23%, second only to the industry leader.
• Uber Eats has been an extremely popular platform for ordering food, with a whopping 486 million individuals who use it regularly.
• Uber Eats is a popular service in the US with an estimated 131 million users.
• In 2022, Uber Eats had an annual gross booking of $55.778 billion.
• In Q4 of 2022, Uber Eats achieved its highest ever gross bookings, totaling $14.315 billion.
• In 2021, Uber Eats customers placed a staggering 1.7 billion orders through the platform, a remarkable feat that highlights the growing popularity of food delivery services.
• In 2022, the number of active restaurant partners on the Uber Eats platform has exceeded 825,000.
• In 2022, Uber Eats generated almost $11 billion in revenue worldwide.
• At the moment, the company has established a presence in 45 countries, with over 6,000 cities offering the service.
• As of 2022, Uber Eats has more than 400,000 delivery personnel in the United States alone.

Overview about Uber Eats

Let’s have a look at some basic things to know about Uber Eats.

Uber Eats at a glance

Uber Eats is one of the largest food delivery services worldwide, boasting over 66 million active users across all continents as of 2021.

The platform enjoys high popularity in the United States, India, and Brazil, where it has established a significant user base.

Customers can conveniently order their favorite meals from a plethora of restaurants via a user-friendly app. The platform also offers a seamless delivery service that operates in many cities worldwide.

Uber Eats has exhibited consistent growth over the years, with revenue increasing by 70% in 2020 alone. This growth can be attributed to the platform’s expanding user base, as well as its unwavering focus on providing top-notch customer service and innovative features that enhance the user experience.

The app is preferred by over 90% of customers, who value its convenience, ease of use, and personalized recommendations based on their previous orders and browsing history.

Uber Eats continues to improve the customer experience by introducing new features such as contactless delivery and real-time order tracking, positioning itself as a leading and appealing food delivery platform.

What is the market share of Uber Eats users by country?

In recent years, the United States has become Uber Eats’ primary market due to various factors such as a large population, high urbanization, and a preference for on-demand services.

Uber Eats has expanded its services, offering more cuisines and delivery options across the country. The company heavily invests in marketing to compete in the highly competitive US market.

Despite challenges and regulatory scrutiny in some areas, Uber Eats is a major player in the American food delivery industry.

Source: Similar Web

What is the market share of Uber Eats in the United States?

As of 2022, Uber Eats holds a market share of 27% in the United States, which has remained consistent over the past four years.

This market share puts Uber Eats in a leading position within the highly competitive food delivery industry. The company’s success can be attributed to its ability to provide a convenient and reliable service to customers, as well as its efficient and streamlined business model.

Additionally, Uber Eats has been able to maintain its market share through strategic partnerships with local restaurants and by offering competitive pricing options to its customers.

Overall, Uber Eats has positioned itself as one of the dominant player in the food delivery industry and shows no signs of slowing down in the years to come.

Source: Statista

What is the percentage of Uber Eats sales in major cities in the United States?

In April 2021, Uber Eats was the most popular food delivery service in the US. In Miami, it had the largest sales share at 55%, while in San Francisco, it had the lowest at only 11%.

Source: Statista

What is Uber Eats market share in the food delivery industry?

According to recent market research, Uber Eats has been making great strides in the food delivery industry, with a current market share of 23%, second only to the industry leader.

With its innovative business model, Uber Eats has managed to attract a large customer base, especially in the United States, where it is the most frequently chosen option for food delivery services.

The convenience and reliability of their service has made it a popular choice among busy individuals and families alike, who rely on Uber Eats to provide them with delicious meals in a timely and efficient manner.

As the food delivery industry continues to grow and evolve, it will be interesting to see how Uber Eats adapts and innovates to maintain its position as a leading player in this highly competitive market.

How many Uber Eats users are there?

Uber Eats has been an extremely popular platform for ordering food, with a whopping 486 million individuals who use it regularly.

It is fascinating to note that this number is constantly growing, with more and more people opting to use Uber Eats as their go-to app for food delivery. The majority of these users hail from the United States of America, which is not surprising given that Uber Eats is one of the most popular food delivery apps in the country.

In fact, it is estimated that a significant percentage of the US population has used the app at some point in time. This highlights the immense impact that Uber Eats has had on the food delivery industry, and it will be interesting to see how the platform continues to evolve and expand in the coming years.

Source: Statista

How many Uber Eats users are there in the United States?

Uber Eats is a popular service in the US with an estimated 131 million users.

Its user-friendly interface and extensive restaurant options are key factors in its success. It allows people to enjoy their favorite meals at home and has created job opportunities for delivery drivers around the country.

Uber Eats has had a significant impact on the food industry, and its future evolution is exciting to see.

What is the volume of food orders on Uber Eats per annum? (Uber Eats gross booking every year)

In 2022, Uber Eats had an annual gross booking of $55.778 billion. This is a significant increase from the previous year, where the gross booking was $51.645 billion.

The increase can be attributed to the expansion of Uber Eats into new markets, as well as the acquisition of several food delivery companies over the past year.

Additionally, the Covid-19 pandemic has led to a surge in demand for food delivery services, which has further contributed to the growth of Uber Eats. With this impressive performance, Uber Eats is poised to maintain its position as one of the leading players in the food delivery industry.

Source: Uber

Quarterly Ubers Eats Gross bookings

In Q4 of 2022, Uber Eats achieved its highest ever gross bookings, totaling $14.315 billion.

This was an impressive milestone for the company, which has been growing rapidly in recent years. The increase in gross bookings can be attributed to several factors, including the expansion of the Uber Eats platform into new markets and the introduction of new features that have made the service more attractive to customers.

Additionally, the company has invested heavily in marketing and advertising campaigns, which have helped to increase brand awareness and drive more customers to the platform. Looking ahead, Uber Eats is well positioned for continued growth and success, and is expected to maintain its position as one of the leading players in the food delivery industry.

Source: Uber

What is Uber Eats average order value (AOV) YoY?

The average order value (AOV) for Uber Eats is $26.19, indicating that customers place great value on the service’s convenience and quality.

This achievement is particularly noteworthy given the competitive and ever-changing nature of the food delivery industry, which constantly adapts to meet customer demands.

The data suggests not only that Uber Eats is a valuable service for customers, but also that the company has found a unique niche in the market. With the increasing popularity of online food delivery, Uber Eats appears poised to maintain its growth trajectory and dominate this rapidly expanding industry.

How many orders does Uber Eats handle every year?

In 2021, Uber Eats customers placed a staggering 1.7 billion orders through the platform, a remarkable feat that highlights the growing popularity of food delivery services.

Despite the challenges posed by the COVID-19 pandemic, Uber Eats has continued to expand its reach and improve its service, bringing delicious meals to hungry customers in more countries than ever before.

The platform’s success can be attributed to a number of factors, including its user-friendly interface, its wide selection of restaurants and cuisines, and its reliable delivery system.

As the world becomes increasingly reliant on digital services, it seems likely that Uber Eats will continue to thrive and revolutionize the way we think about food delivery.

Source: Uber

How many Uber Eats restaurant partners are there?

In 2022, the number of active restaurant partners on the Uber Eats platform has exceeded 825,000.

This figure has been on a steady rise over the years as more and more restaurants discover the advantages of partnering with Uber Eats. Collaborating with Uber Eats allows restaurants to access a wider customer base, which can result in an increase in revenue.

Furthermore, Uber Eats also provides restaurants with valuable data and insights that can be used to enhance their operations and optimize their menu offerings. Given the continuous expansion of the food delivery industry, it is highly probable that more restaurants will join forces with Uber Eats in the future.

Source: Uber, Uber Eats, Restaurant Dive

What is the average amount of time that users spend on the Uber Eats before making a food selection?

On Uber Eats, customers usually take around 7 minutes to browse options before choosing their food.

During this time, they take into account factors such as the type of cuisine, price range, restaurant rating, and delivery time, as well as any dietary restrictions they may have, available payment methods, and special deals.

Once they have selected their food, customers usually spend an additional 3-5 minutes customizing their order. The overall process usually takes between 10-15 minutes, depending on the complexity of the order and the individual preferences of the customer.

Source: Similar Web

Uber Eats users demographics

A recent study found that Uber Eats is popular among people of all ages, cultures, and lifestyles. Most users are millennials, followed by Gen X and Baby Boomers, and are nearly equally divided between men and women.

The platform is particularly popular among urban dwellers with busy lifestyles who have limited time for cooking. Users appreciate the convenience and variety of cuisines from local restaurants that Uber Eats offers, making it a popular choice for fast and diverse food delivery options.

Uber Eats users by gender

According to our data, 54.02% of Uber Eats users who order food online identify as male and 45.98% identify as female.

Source: Similar Web

Uber Eats users by age

Recent data shows that the largest age group of Uber Eats users are aged 25 to 34.

Source: Similar Web

How many Android Uber Eats mobile Downloads are there?

In 2022, Uber Eats was the second-most downloaded food app globally, with nearly 47 million downloads.

According to Google Play, the app android version has been downloaded over 100 million times worldwide over the years.

Source: Statista, Google Play

How much is Uber Eats worth? (Valuation)

Uber Eats, a subsidiary of Uber Technologies, has been valued at $20 billion, contributing to its parent company’s $120 billion valuation.

This success can be attributed to Uber’s innovative approach to transportation, which has expanded beyond ride-sharing. Uber Eats has become a household name as food delivery services have grown in popularity.

Furthermore, Uber has diversified its portfolio with ventures such as Uber Freight, which focuses on logistics and transportation for businesses. As Uber continues to grow, we can anticipate more innovations in the market.

Source: Chefs Stage

Uber Eats Revenue

In 2022, Uber Eats generated almost $11 billion in revenue worldwide.

This represents a 31% increase from the previous year’s revenue of $8.3 billion.

The increase in revenue can be attributed to a number of factors such as the growing demand for food delivery services due to the COVID-19 pandemic, the expansion of Uber Eats into new markets, and the introduction of new features such as contactless delivery and in-app promotions.

Despite facing stiff competition from other food delivery platforms, Uber Eats has managed to maintain its position as one of the top players in the industry, thanks to its user-friendly interface, fast delivery times, and extensive selection of restaurants and cuisines.

Source: Statista

Uber Eats Acquisitions

Uber Eats has continued making strategic acquisitions to expand their business.

On May 22, 2018, they acquired orderTalk, a company that provides online ordering systems for restaurants. This acquisition will allow Uber Eats to enhance their technology and offer a more seamless ordering experience for their customers.

Prior to this acquisition, Uber Eats also acquired Ando, a New York-based restaurant chain, in January 2018. With these acquisitions, Uber Eats is positioning itself as a major player in the food delivery industry, and continues to innovate and improve their services to better serve their customers.

Source: Crunch Base

How does Uber Eats make money? (Uber Eats business model)

Uber Eats make money by charging restaurants a commission fee for every order that comes through the app. This fee is usually a percentage of the total order value, which can range from 15% to 30%. In addition to this commission fee, Uber Eats also offers a range of other services to restaurants, such as promotional support and access to customer data.

On the other hand, delivery partners who work with Uber Eats earn money by providing delivery services to customers. They are paid per delivery, which means that they have the potential to earn a good amount of money if they are able to complete a large number of deliveries each day. In addition to this, Uber Eats also offers a range of incentives to delivery partners, such as bonuses for completing a certain number of deliveries or for working during peak hours.

Overall, Uber Eats has been able to create a successful business model that benefits both restaurants and delivery partners. By taking a commission fee from restaurants, Uber Eats is able to generate revenue while also providing a valuable service to customers. At the same time, delivery partners are able to earn money by providing a much-needed service to customers who are looking for a convenient and hassle-free way to order food online.

Where is the Uber Eats service available? (in which countries)

Uber Eats, a food delivery service provided by Uber Technologies Inc., has expanded its reach across the globe.

At the moment, the company has established a presence in 45 countries, with over 6,000 cities offering the service.

Its quick and efficient food delivery system has made it a popular choice among customers, especially those who are looking for a convenient and hassle-free way to order food from their favorite restaurants.

The platform’s user-friendly interface and easy payment options have also contributed to its growing popularity. As Uber Eats continues to expand its reach, it is expected to bring more restaurants and customers together and revolutionize the way people order food online.

How many delivery-personnel does Uber Eats have?

As of 2022, Uber Eats has more than 400,000 delivery personnel in the United States alone.

The company has been expanding rapidly, and has also increased its presence in other countries. In addition to its core delivery service, Uber Eats has also introduced new features such as real-time tracking of orders and the ability to schedule deliveries in advance.

These innovations have made the service more convenient for customers, and have helped to solidify Uber Eats’ position as a leader in the food delivery industry.

Source: Uber

Who owns Uber Eats? (Uber Eats founder)

Uber Eats is a food delivery platform that was founded in August 2014.

The company was founded by a team of entrepreneurs that included Chanyu Xu, Garrett Camp, and Travis Kalanick.

Chanyu Xu is a computer science graduate who had previously worked as an engineer at Microsoft.

Garrett Camp is a Canadian entrepreneur who is best known for co-founding Uber.

Travis Kalanick is an American entrepreneur who co-founded Uber and is a former CEO of the company.

The company is headquartered in San Francisco Bay Area on the West Coast of the United States, a region known for its innovative and entrepreneurial culture.

Since its launch, Uber Eats has grown rapidly, expanding to over 45 countries and partnering with thousands of restaurants to bring delicious meals to customers around the world.

Source: CrunchBase

Uber Eats Founders’ Net worth

• Garrett Camp

Garrett Camp, the Chairman of Uber, co-founded the ride-hailing startup with Travis Kalanick in 2009. The Uber mobile application allows users to request a ride, and a driver-contractor is dispatched to pick them up, with Uber receiving a percentage of the fare.

Camp has an approximate 4% ownership in Uber, a company that listed its shares on the New York Stock Exchange on May 10, 2019. Prior to Uber, Camp founded the web discovery tool StumbleUpon, which he sold to eBay in 2007 for $75 million.

Source: Forbes

• Travis Kalanick

Travis Kalanick, one of the co-founders of ride-hailing company Uber in 2009, resigned as CEO in June 2017 and left the board on December 31, 2019.

Currently, he serves as the CEO of CloudKitchens, a virtual restaurant company that has received funding from the Saudi Arabia Public Investment Fund.

Prior to Uber, Kalanick co-founded Scour, an online file-exchange service, and RedSwoosh, a file-sharing company. In late 2019, Kalanick sold all of his shares in Uber – approximately 4% – for over $2.5 billion, before taxes.

Uber Eats Traffic Analysis

Uber Eats Main Traffic Sources

The majority of visits to ubereats.com from desktop computers come from Direct traffic, which accounts for 68.80% of all traffic.

This suggests that users are either directly typing in the website URL or clicking on a bookmarked page to access the website.

Additionally, Organic Search is the second largest source of traffic, accounting for 21.43%. This indicates that users discover the website through search engines such as Google or Bing.

It is worth noting that these two methods of traffic contribute to almost 90% of the total desktop visits to ubereats.com, highlighting the importance of establishing a strong brand presence and implementing a search engine optimization strategy to attract and retain customers.

Source: Similar Web

Uber Eats Social Media Traffic Sources

Based on the data we’ve collected, it seems that most of the traffic from social media to the website UberEats.com comes from YouTube, followed by Facebook and Instagram.

There are indication that Ubereats’ online marketing strategy should prioritize these platforms to effectively reach and engage their target audience.

Furthermore, it could be beneficial to explore why YouTube is the most effective platform for generating traffic, so that these insights can be utilized in the future.

Overall, our analysis shows that by investing in a targeted social media strategy, Ubereats can expand their online presence and attract more customers.

Source: Similar Web