There's been speculation that UberEats was somewhat profitable for Uber. Guess not:
I am seriously loving all the bad ink both these companies are getting. These assclowns couldn't make money running the Ebony Inn let alone anything else.
Very opaque data just like the regular prospectus.
And just like the regular prospectus, they don't break it down by nation.
Unlike uber X, Eats has yet to arrive in many markets. When they do, uber spends lots of money on promotions such as free delivery, and promotions to attract drivers.
Once they become established in a given market, driver pay gets CUT, delivery charges go UP, and promotions disappear.
In other words, in established markets such as DC, Eats is a big MONEY MAKER for uber.
I do Eats sometimes, so I know of what I speak. I've also spoken to some restaurant owners who complain about the sky high 30-35% commission they're paying to uber.
McD is paying less than the standard rate and some customers pay a reduced delivery fee, but in those cases, it's used by uber as a loss-leader.