Uber Technologies and Lyft Inc. IPOs Message Board

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Technology Stocks : Uber Technologies and Lyft Inc. IPOs

UBER 92.75

-2.1%

Nov 5 3:59 PM EST

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To: FR1 who wrote (130)	5/4/2020 12:24:46 PM
From: Glenn Petersen	of 266

Re: Uber Eats In a post-coronavirus world, “eating out” may mean utilizing an on-demand service delivering food from a “ghost” kitchen. In a post-lockdown world, that model, while imperfect, could be the future for countless restaurants across the nation struggling to pay rent on empty dining rooms...While owners can negotiate payments with their landlords, for the time being, social distancing may force restaurants into a world where on-demand is everything...Restaurants that rely on delivery must also reckon with the fact that technology companies like Doordash, Postmates, and Grubhub have consolidated these services. According to an estimate by commercial real estate firm CBRE Group, 70% of restaurant delivery orders will be coming from third-party apps by 2022. Message 32715191 I suspect that Uber Eats will generate at least 35% of Uber’s revenue this year. 2019 Uber Eats revenue: $2.51 billion Percentage increase from prior year: 149% Percentage of total Uber revenue: 17.74% 2018 Uber Eats revenue: $1.46 billion Percentage increase from prior year: 249% Percentage of total Uber revenue: 12.95% 2017 Uber Eats revenue: $587 million Percentage increase from prior year: N/A Percentage of total Uber revenue: 7.40%

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