After ride-hailing and delivery platform Uber Technologies Inc. reported quarterly results last week, the blurbs swept in from analysts. They cheered the company’s more consistent profitability and the prospect of an investor-payout plan, growth in ride demand and gains in the segment that allows other businesses to advertise in the app. And they cited its potential to become a bigger part of local economies by transporting more people, takeout, groceries and other goods from one spot to another. One said Uber
UBER
had “just started to flex its platform muscle.”
In the week ahead, we’ll see if the praise extends to some of Uber’s smaller gig-economy rivals. Uber’s main ride-hailing rival, Lyft Inc., reports results on Tuesday, as does online grocery-delivery service Maplebear Inc., better known as Instacart. Food-delivery app DoorDash Inc. reports on Thursday. Taken together, those results will offer a fuller portrait of gig work and delivery demand. Ride-sharing has rebounded since the pandemic and analysts have generally said a return to more “normal” trends benefits Uber. But spending on online grocery delivery slowed last year, according to Oppenheimer analysts, after a pandemic-era boom in demand. Meanwhile, customers continue to complain about spiraling food-delivery costs, and drivers, largely stuck in less generous contractor roles, are still fighting for better pay and benefits. And online advertising — in which outside businesses pay a company like Uber or DoorDash
DASH
for ad space in their a …
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UBER
had “just started to flex its platform muscle.”
In the week ahead, we’ll see if the praise extends to some of Uber’s smaller gig-economy rivals. Uber’s main ride-hailing rival, Lyft Inc., reports results on Tuesday, as does online grocery-delivery service Maplebear Inc., better known as Instacart. Food-delivery app DoorDash Inc. reports on Thursday. Taken together, those results will offer a fuller portrait of gig work and delivery demand. Ride-sharing has rebounded since the pandemic and analysts have generally said a return to more “normal” trends benefits Uber. But spending on online grocery delivery slowed last year, according to Oppenheimer analysts, after a pandemic-era boom in demand. Meanwhile, customers continue to complain about spiraling food-delivery costs, and drivers, largely stuck in less generous contractor roles, are still fighting for better pay and benefits. And online advertising — in which outside businesses pay a company like Uber or DoorDash
DASH
for ad space in their a …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]