Uber's revenue by segment 2017-2023

In 2023, Uber Technologies generated nearly 20 billion U.S. dollars in revenue from its mobility segment, which includes its ride-sharing operations. The delivery and freight segments constitute a smaller share of the company's revenues but while the delivery segment has been growing over the past years, the freight segment has decreased by 24 percent.

Market leadership in food delivery

Uber's delivery service 'Uber Eats' has been able to build on the boost it received during the COVID-19 pandemic. The segment's revenue more than doubled in size between 2020 and 2021, growing by an additional 46 percent in the following two years. Uber Eats has been able to establish itself as the global leader in food delivery services, generating around 1.2 billion U.S. dollars more in annual revenues than its closest rival, Delivery Hero.

Reaching profitability

Uber has been able to establish itself as the global market leader in both of its core business segments, food delivery and ride-hailing. In the ride-hailing sector, Uber holds an even stronger position than in the food delivery business, controlling around a quarter of the global market.

Its strong market position and favorable operating environment in 2023, allowed Uber to generate a net profit of 1.9 billion U.S. dollars in 2023. This was the first time Uber had been profitable since 2018, following several years of net losses reaching as high as 9.1 billion U.S. dollars in 2022.