Uber Sees Increased Delivery Demand Lingering After Pandemic
- Company reiterates that it sees path to 2021 profit for unit
- Much of the recent growth ‘is here to stay,’ executive says
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Uber Technologies Inc.’s food-delivery business is betting that increased demand will continue after the coronavirus pandemic and help propel the unit to profitability next year.
Growth is coming from new customers and existing ones who are ordering more often, said Pierre-Dimitri Gore-Coty, head of Uber’s delivery operation. While order frequencies will eventually normalize to pre-pandemic levels, the overall expansion will enable the business to turn a profit in 2021, he said.