Uber Eats Generated Almost $5B in Revenue For 2020

With a 152% YoY increase from 2019, according to data presented by TradingPlatforms.com Uber Eats generated $4.8B in revenue for 2020 compared to just $1.9B in 2019. The new data are strictly linked to the Coronavirus pandemic that has forced people indoors leading them to use more food delivery services.

Uber Eats also more than doubled its gross bookings in 2020 which amounted to $30.2B compared to just $14.5B in 2019. As of March 2021, Uber Eats holds the second-highest share of the online food delivery market in the US at 22%.

Uber Eats claims to have increased the number of cities that they operate in, from 1000 cities in 2020 to 6000 in 2021.

Because in many cities places dine-in options were forbidden, numerous worldwide restaurants turned to the food delivery app. As a result, in 2020 Uber Eats supported over 600,000 restaurants compared to just 220,000 in 2019 for a 173% YoY increase.