Uber is making a ton of money, but the segments it operates in require a lot more. Driving people and their food requires paying drivers, buying advertising, funding new growth markets, and frequently fighting regulations. On the Eats side of their business, Uber is having the same problems its peers do in the increasingly competitive food delivery market.
Uber Eats drags Uber earnings in Q4
Eats lost $461M, but bookings were up 73%