Earlier quoted context omitted.
As someone who does uber eats for some side cash (I have a very small and fuel effecient car, so it actually works out gas wise for me), the 11 dollars was the total service charge. Uber then breaks it down by what they take (the first party part, not included), and any other fees are in a seperate Third party section. So from my perspective of 11 dollars total, with 6 for the third party (which they absolutely pass…
> out of the 22 dollars the customer paid for the delivery, I received 5.61 before tip I am completely ignorant on how this works on the driver’s side, so I could be missing something here: Those 22 dollars the customer paid include whatever food you were delivering, right? Now, I’m sure the Food cost/Service cost split changes from country to country (I’m somewhere in the Euro zone)… but interpolating from those num…
They're not. They aren't profitable. They have never been profitable. They admit that they would not have been profitable even without COVID last year. They do not expect to be profitable until Q4 of this year - if you remove half their costs and their assumptions hold. They do not expect to actually be profitable (even on EBITDA) for even longer.
http://techcrunch.com/2021/02/12/will-ride-hailing-profits-e...
> in the meantime they (and their ilk) are pushing the traditional restaurant delivery network away since they cannot compete or price nor convenience.