Uber's food and package delivery speeds up as ride growth cools

Uber's food and package delivery business picked up speed in the third quarter, while its ride-hailing business grew more slowly than before. That is the picture Bloomberg Technology described on November 4, 2026. The faster delivery growth gave investors a reason to look past the cooler results in rides.

What changed

Uber is best known for rides, where you tap an app and a driver picks you up. Delivery is the other big piece, covering meals and packages brought to your door. In the third quarter, delivery grew faster. Rides still grew, but at a slower pace than in the past.

What the analyst says

Ygal Arounian, a managing director at Wedbush, an investment firm, discussed the results with Bloomberg. His view is that the slowdown in rides was not too concerning. He also talked about how Uber can keep competing in the market.

Who it affects

Investors are the most direct audience, since they watch growth numbers closely. Everyday users may feel it too. If delivery is where Uber sees its strongest momentum, the company has a reason to push it harder. That could mean more offers and more options when you order a meal or send a package.

What is not known yet

The material does not give the actual growth figures for either business. It also does not say which competitors Uber faces or what specific plans the company has for delivery. Any changes to prices, promotions or services have not been announced in this report.