Uber Sees Non-Restaurant Deliveries Reaching $12.5 Billion by 2025, Accelerating Growth in Grocery and Retail Segment

Uber expects non-restaurant deliveries to reach an annual run rate of $12.5 bln by 2025, up 25% from its May projection. The growth points to momentum in its delivery unit, which contributes nearly half of gross bookings. Uber sees strong demand for last-minute or urgent orders and has added a thousand new retailers since the start of the year, including Aldi, Sephora, and Best Buy.

Uber Technologies Inc. is anticipating a significant increase in its non-restaurant deliveries, with gross bookings expected to reach an annual run rate of $12.5 billion by the end of 2025. This projection, announced by the company, represents a 25% increase from its previous May estimate of $10 billion Uber Sees Non-Takeout Deliveries Becoming $12.5 Billion Business^[2]. The accelerating growth underscores the company’s robust momentum in its delivery unit, which now contributes nearly half of its gross bookings.

The company's strong performance in the delivery segment, particularly in grocery and retail orders, has been driven by several strategic initiatives. Uber has added over a thousand new retailers since the beginning of the year, including prominent names like Aldi, Sephora, and Best Buy What Uber Technologies (UBER)'s Drone Deliveries and Retail Expansion Mean for Shareholders^[3]. These additions have expanded the range of products available through the Uber Eats platform, catering to a broader customer base.

Uber's delivery unit has been growing at a faster clip than its signature ride-hailing business over the past three quarters. The company has also introduced new features and discounts to enhance the shopping experience. For instance, it offers weekly discounts on local fruits, vegetables, meats, and dairy in various countries, as well as live order editing and the ability to list preferred backups for unavailable items Uber Sees Non-Takeout Deliveries Becoming $12.5 Billion Business^[2].

The company's strategy to deepen consumer habits in the delivery segment is evident in its focus on last-minute or urgent orders. Sundays at 6 p.m. is the peak time for grocery orders on Uber, with popular items including bananas, limes, lemons, cucumbers, Hass avocados, and red roma tomatoes Uber Sees Non-Takeout Deliveries Becoming $12.5 Billion Business^[2].

Uber's expansion into grocery and retail deliveries is part of its broader strategy to diversify its platform beyond ride-hailing and food delivery. The company's recent partnership with Joby Aviation to bring helicopter and air mobility services into the Uber app further highlights its commitment to integrating new premium transportation experiences What Uber Technologies (UBER)'s Drone Deliveries and Retail Expansion Mean for Shareholders^[3].

However, investors should be mindful of the regulatory and compliance challenges that Uber faces, as these could impact the company’s financial progress. Despite these potential risks, the company's long-term outlook remains optimistic, with projections for $71.2 billion in revenue and $9.7 billion in earnings by 2028 What Uber Technologies (UBER)'s Drone Deliveries and Retail Expansion Mean for Shareholders^[3].