<p>Uber's food delivery business brought in more money during the third quarter than its signature rides business , showing just how much consumer behavior has changed — and how far the company has adapted — since the pandemic struck.</p>.<p>The San Francisco-based ride-hailing company lost $1.09 billion in the third quarter as many customers continued to stay out of shared vehicles.</p>.<p>Uber brought in $3.13 billion in revenue, down 18 per cent from the same time last year. Its mobility business, which includes ride-hailing, scooters and bikes, brought in $1.37 billion during the quarter, down 53 per cent from the same time last year.</p>.<p>Despite the decline, the rides business showed improvement from the second quarter, when it brought in just $790 million.</p>.<p>Its Eats business generated $1.45 billion in revenue, up 125 per cent from a year ago as restaurants relied on Uber for delivery and the trend of people ordering in instead of dining out during the pandemic continued.</p>.<p>Uber's food delivery business also brought in more revenue than its rides business in the second quarter, when demand for rides was even lower due to the pandemic.</p>.<p>“Despite an uneven pandemic response and broader economic uncertainty, our global scope, diversification, and the team's tireless execution delivered steadily improving results," said Dara Khosrowshahi, Uber CEO, in a prepared statement.</p>.<p>The quarterly figures were released a day after Uber scored a major victory in California. Voters there passed Proposition 22, granting Uber, Lyft, Doordash and others an exception to a law that sought to classify their drivers as employees, an expense that analysts thought would have pummeled Uber's business in California. </p>
<p>Uber's food delivery business brought in more money during the third quarter than its signature rides business , showing just how much consumer behavior has changed — and how far the company has adapted — since the pandemic struck.</p>.<p>The San Francisco-based ride-hailing company lost $1.09 billion in the third quarter as many customers continued to stay out of shared vehicles.</p>.<p>Uber brought in $3.13 billion in revenue, down 18 per cent from the same time last year. Its mobility business, which includes ride-hailing, scooters and bikes, brought in $1.37 billion during the quarter, down 53 per cent from the same time last year.</p>.<p>Despite the decline, the rides business showed improvement from the second quarter, when it brought in just $790 million.</p>.<p>Its Eats business generated $1.45 billion in revenue, up 125 per cent from a year ago as restaurants relied on Uber for delivery and the trend of people ordering in instead of dining out during the pandemic continued.</p>.<p>Uber's food delivery business also brought in more revenue than its rides business in the second quarter, when demand for rides was even lower due to the pandemic.</p>.<p>“Despite an uneven pandemic response and broader economic uncertainty, our global scope, diversification, and the team's tireless execution delivered steadily improving results," said Dara Khosrowshahi, Uber CEO, in a prepared statement.</p>.<p>The quarterly figures were released a day after Uber scored a major victory in California. Voters there passed Proposition 22, granting Uber, Lyft, Doordash and others an exception to a law that sought to classify their drivers as employees, an expense that analysts thought would have pummeled Uber's business in California. </p>