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Uber Delivery Accelerates as Rides Growth Slows

Bloomberg Technology Wednesday 04 November 2026, 19:36 UTC 1 min read
Key Points

Nov 4th, 2026 Uber Delivery Accelerates as Rides Growth Slows Uber’s delivery business saw strong acceleration in the third quarter, giving investors a reason to look past slower growth in its signature ride-hailing business. Ygal Arounian, managing director at Wedbush, discusses why the slowdown in the rides business wasn't too concerning and how Uber can continue to compete in grocery delivery even after a tie-up between rivals DoorDash and Instacart. He speaks with Carol Massar on...

Nov 4th, 2026 Uber Delivery Accelerates as Rides Growth Slows Uber’s delivery business saw strong acceleration in the third quarter, giving investors a reason to look past slower growth in its signature ride-hailing business. Ygal Arounian, managing director at Wedbush, discusses why the slowdown in the rides business wasn't too concerning and how Uber can continue to compete in grocery delivery even after a tie-up between rivals DoorDash and Instacart. He speaks with Carol Massar on "Bloomberg Tech."
Ygal Arounian (PERSON) Wedbush (ORG) DoorDash (ORG) Instacart (ORG) Carol Massar (PERSON) Bloomberg Tech (ORG)
Originally published by Bloomberg Technology Read original →

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