Uber Technologies, Inc. (UBER) Expecting Non-Restaurant Deliveries To Reach $12.5 Billion in 2025, Bloomberg Report

Core Insights - Uber Technologies, Inc. is projected to achieve a non-restaurant delivery annual run rate of $12.5 billion in gross bookings by the end of 2025, which represents a 25% increase from previous forecasts [1][2] - The delivery segment accounts for approximately 50% of Uber's total gross bookings and has been growing faster than the ride-hailing business for the last three quarters [3] - CEO Dara Khosrowshahi attributes the strong performance in the delivery segment to significant growth in retail and grocery orders [3] Delivery Expansion Efforts - The company has made a strategic push to expand its delivery services, adding around 1,000 new retailers this year [4] - Uber has introduced weekly discounts for local produce, meats, and dairy in several countries where it operates [4] - Khosrowshahi believes there is substantial potential for further adoption of delivery services, noting that nearly 75% of rideshare clients have not yet ordered retail or grocery items through the Uber app [5]