Uber reported bookings for its ride-hailing business rose 9 percent in March 2021

Uber reported bookings for its ride-hailing business rose 9 percent in March 2021


Illustration by Alex Castro / The Verge

Uber saw record gross bookings in March 2021, according to a filing posted Monday with the Securities and Exchange Commission. The increase may signal the beginning of a comeback for the ride-hailing business, which suffered mightily in 2020 due to the coronavirus pandemic.

Uber’s mobility segment, which includes its ride-hailing business, was up 9 percent last month from March 2020, with an annualized run rate of $30 billion. Uber’s food delivery segment UberEats, which helped the company stave off even bigger losses in 2020, doubled its annual run rate from March of last year, coming in at $52 billion, a 150 percent year-over-year increase.

“As vaccination rates increase in the United States, we are observing that consumer demand for…

Continue reading…

Source:

This post was originally created on this site & curated for Mamizi members