Current:Home > MarketsOliver James Montgomery-Uber adds passengers, food orders amid omicron surge -Blueprint Money Mastery
Oliver James Montgomery-Uber adds passengers, food orders amid omicron surge
NovaQuant View
Date:2025-04-08 08:15:16
Ride-hailing giant Uber reported more riders last quarter and Oliver James Montgomerya boost in food deliveries as people ventured out - and ordered in - despite the spread of the omicron variant. The company announced in its 4th quarter earnings call Wednesday it had more than 118 million active users - its highest number ever. Gross Mobility Bookings, the total amount of ride-sharing trips, increased 67% year on year.
Company CEO Dara Khosrowshahi called omicron a "temporary deterrent" to demand at the end of December, but he said the company was bouncing back from the variant and "our results demonstrate just how far we've come since the beginning of the pandemic."
"The Omicron impact on our Mobility business has come and gone relatively quickly," Khosrowshahi said. "Even faster than global case counts." He told investors Wednesday that bookings were up 25% last week month-on-month.
The business also saw an uptick in food delivery, with orders up 34% compared to the same period last year.
Lyft, meanwhile, recorded a 49% increase in riders over the year, but registered a slight dip in users in the last three months of 2021.
"Despite short-term headwinds from omicron, we remain optimistic about full-year 2022," CEO Elaine Paul said in a Lyft earnings call Tuesday.
The news of increased rides in 2021 on both platforms came as Dr. Anthony Fauci, the White House Chief Medical Advisor, offered an optimistic view of the future course of the pandemic. Fauci told the Financial Times Wednesday the U.S. is emerging from the "full-blown phase" of the pandemic, and "I hope we are looking at a time when we have enough people vaccinated and enough people with protection from previous infection that the Covid restrictions will soon be a thing of the past."
A number of governors have announced they're easing those restrictions now, including New York Gov. Kathy Hochul. As of Thursday, private businesses in New York will no longer be required to enforce vaccine and masking rules.
veryGood! (695)
Related
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Joel Embiid decides to play for USA — not France — in Paris Olympics, AP source says
- Jury hears testimony in trial of officers charged in Manuel Ellis' death
- Nonprofit service provider Blackbaud settles data breach case for $49.5M with states
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- 2 pollsters killed, 1 kidnapped in Mexico; cartel message reportedly left with victims
- Drug delivery service leader gets 30 years in fentanyl poisoning deaths of 3 New Yorkers
- Thousands of US workers are on strike today. Here’s a rundown of major work stoppages happening now
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Suspect in helmeted motorcyclist’s stomping of car window in Philadelphia is jailed on $2.5M bail
Ranking
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- These associate degree majors lead to higher incomes than a 4-year bachelor's. Here are the top programs.
- Jury hears testimony in trial of officers charged in Manuel Ellis' death
- Is your Ozempic pen fake? FDA investigating counterfeit weight loss drugs, trade group says
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Kelly Ripa Shares the Perks of Going Through Menopause
- North Carolina WR Tez Walker can play in 2023 after NCAA grants transfer waiver
- Adnan Syed case, subject of 'Serial,' back in court after conviction reinstatement
Recommendation
'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
This company has a 4-day workweek. Here's its secret to making it a success.
Judge denies Sidney Powell's motion to dismiss her Georgia election interference case
People working on climate solutions are facing a big obstacle: conspiracy theories
Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
Army identifies soldiers killed when their transport vehicle flipped on way to Alaska training site
Woman murdered by Happy Face serial killer identified after 29 years, police say
Billboard Latin Music Awards 2023: The Complete List of Winners