Following Uber’s agreement to acquire Postmates, we looked at the mixed outcomes COVID-related behavior had on Uber’s business since March.
Stay at home orders drove nearly 200% growth for Uber Eats in June, in contrast to a near 100% drop and minimal recovery for Uber Ridesharing.
Combined, Uber Eats and Postmates’ 150% growth in June will still prove competitive with leader DoorDash, and may benefit from Postmates’ exposure to cities in the South and West as coronavirus cases in those regions increase.
