Markets

Uber’s latest financial report shows huge gains for delivery and deep losses for rideshare services – and uses Sydney as an example

Sydney’s appetite for Uber Eats has far outstripped its demand for Uber’s core rideshare service, the company has revealed. As part of its first quarter financial report, Uber revealed demand for food delivery has spiked worldwide, as pandemic conditions stifle mobility figures. Uber posted quarterly losses of US$359 million before […]
Uber’s latest financial report shows huge gains for delivery and deep losses for rideshare services – and uses Sydney as an example
News

‘Driven by rideshare businesses’: Fresh ABS data shows courier and delivery services lifted Australian business figures even before the pandemic

A 2.0% growth in the number of Australian businesses over 2019-2020 was driven by ride share businesses, new ABS data suggests. The transport, postal, and warehousing sector was the fastest-growing for the sixth year running. An increasing number of non-employing businesses also suggests an uptick in independent contractors driving in […]
‘Driven by rideshare businesses’: Fresh ABS data shows courier and delivery services lifted Australian business figures even before the pandemic