Skip to main content

The context you need, when you need it

When news breaks, you need to understand what actually matters — and what to do about it. At Vox, our mission to help you make sense of the world has never been more vital. But we can’t do it on our own.

We rely on readers like you to fund our journalism. Will you support our work and become a Vox Member today?

Join now

Uber CEO Dara Khosrowshahi says UberEats has a $6 billion bookings run rate

The food delivery business is also growing 200 percent, Khosrowshahi said at Code Conference.

Uber’s food delivery business is on pace to be the largest food delivery business outside of China.

“Eats is an exploding business in a good way,” CEO Dara Khosrowshahi said onstage at Code Conference at Rancho Palos Verdes, Calif. “It’s now at a $6 billion bookings run rate, growing over 200 percent.”

Khosrowshahi said the biggest challenge the company’s food-delivery business is grappling with is getting deliveries done in under 35 minutes every time.

“It’s taking advantage of our customer base, it’s taking advantage of our brand,” he said.

“Eats is only in 250 cities on a global basis and it’s got 350 cities to go to catch up to our rides business,” he continued.

For context, Grubhub, one of the more established food delivery services, had $3.8 billion in gross food sales last year, though it’s largely a U.S. business. Uber Eats is the the fastest growing food delivery service, with consumers pending more on Uber Eats than on any other food delivery service in nine of the 22 most-populous U.S. cities.

The former Expedia CEO said Eats doesn’t need any acquisition for its UberEats business but will be opportunistic in the future.

Outside of its core rides business and Eats, Khosrowshahi also said he wants Uber to be the “Amazon for transportation.” As we previously wrote, the company has partnered with a few firms to connect its users to multiple forms of transportation in an effort to have a piece of every transport transaction.

Watch the full interview below:

Or listen to it on our podcast Recode Decode:

This article originally appeared on Recode.net.

More in Technology

Podcasts
Are humanoid robots all hype?Are humanoid robots all hype?
Podcast
Podcasts

AI is making them better — but they’re not going to be doing your chores anytime soon.

By Avishay Artsy and Sean Rameswaram
Future Perfect
The old tech that could help stop the next airborne pandemicThe old tech that could help stop the next airborne pandemic
Future Perfect

Glycol vapors, explained.

By Shayna Korol
Future Perfect
Elon Musk could lose his case against OpenAI — and still get what he wantsElon Musk could lose his case against OpenAI — and still get what he wants
Future Perfect

It’s not about who wins. It’s about the dirty laundry you air along the way.

By Sara Herschander
Life
Why banning kids from AI isn’t the answerWhy banning kids from AI isn’t the answer
Life

What kids really need in the age of artificial intelligence.

By Anna North
Culture
Anthropic owes authors $1.5B for pirating work — but the claims process is a Kafkaesque messAnthropic owes authors $1.5B for pirating work — but the claims process is a Kafkaesque mess
Culture

“Your AI monster ate all our work. Now you’re trying to pay us off with this piece of garbage that doesn’t work.”

By Constance Grady
Future Perfect
Some deaf children are hearing again because of a new gene therapySome deaf children are hearing again because of a new gene therapy
Future Perfect

A medical field that almost died is quietly fixing one disease at a time.

By Bryan Walsh