Uber Eats

Analysts were raising their price targets on Uber Friday after the company reported third-quarter earnings led by strong growth in the delivery segment. Uber Delivery The Standout: The delivery business for Uber Technologies (NYSE: UBER) reported 125% year-over-year revenue growth in the third...

Uber Technologies (NYSE: UBER) shares hit new 52-week highs this week after Proposition 22 passed in California. Two days after the 2020 election results, the company reported quarterly earnings.  Financials: Uber's revenue declined 18% year-over-year to $3.1 billion in the third quarter....

Uber Technologies Inc (NYSE: UBER) filed a Form S-4 with the U.S. Securities and Exchange Commission in connection to its Postmates Inc acquisition deal on Friday, disclosing the food-delivery company's financials. In a best-case scenario, the management forecasts Postmates revenue growth...

Chowbus is a niche food delivery startup that focuses exclusively on Asian restaurants. The company operates in more than 20 North American cities and closed a $33 million Series A funding round in August. Benzinga had the opportunity to catch up with Chowbus Co-founder and CTO Suyu Zhang to better...

Restaurants now have the option to advertise directly on Uber Technologies Inc's (NYSE: UBER) restaurant delivery app along with $25 million worth of marketing credits to promote the feature, the company said in a press release. What Happened: Uber announced Monday the launch of Sponsored...

Ride-hailing company Uber Technologies Inc (NYSE: UBER) will continue its food delivery service Uber Eats in California even if it's forced to shut down its primary business, according to a Reuters report Monday. What happened: An Uber spokesman confirmed that the Uber Eats business...

Uber Technologies Inc (NYSE: UBER) suffered a "legal setback" after a California court ordered that the ride-hailing company must label drivers as employees, and the company faces three possible scenarios ahead, according to BofA Securities. The Uber Analyst: Justin Post maintained...

Ride-hailing and delivery company Uber Technologies Inc (NYSE: UBER) reported mixed second-quarter results Thursday that prompted Street analysts to debate whether the company is overly exposed to COVID-19 headwinds. The Uber Analysts Raymond James analyst Aaron Kessler maintains a Market...

The Street's reaction to Uber Technologies Inc's (NYSE: UBER) $2.65-billion acquisition of Postmates is mixed as some analysts are praising the deal while others question the logic. DA Davidson's White: No Major Change In Food Delivery  The U.S.-based market share Postmates holds...

Uber Technologies Inc (NYSE: UBER) is acquiring Postmates Inc, an online food delivery service, for $2.65 billion in an all-stock deal. What Happened The deal will be announced Monday morning, according to the sources of Bloomberg. It is expected that the vice president of Uber Eats, Pierre-Dimitri...

Uber Technologies Inc. (NYSE: UBER) has made an acquisition offer to food delivery service Postmates, the New York Times reported late Monday. Uber's Second Food Delivery Takeover Bid An agreement between the two companies could have been reached as soon as Monday evening, according to the...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. The COVID-19 pandemic has brought financial anxiety to an all-time high for America’s workforce, jeopardizing the incomes of...

Uber Technologies Inc. (NYSE: UBER) is trimming its workforce by the thousands in a new round of layoffs. What Happened A Business Insider source revealed that the ride-sharing company plans a massive cull of its workforce. An Uber spokesperson told the publication, “As you would expect...

Uber Technologies (NYSE: UBER) is looking to acquire GrubHub (NYSE: GRUB) uniting the two meal delivery services, according to multiple reports. What To Know The coronavirus pandemic has seen a rise in demand for meal delivery services. Over the years, the fast-food delivery industry has...