Uber sees an increase in bookings for the business travel platform

Ride-sharing and delivery specialist Uber is “very optimistic” about its Uber for Business enterprise platform and “has continued to invest” in its sales team.

Uber CEO Dara Khosrowshahi made the comments during a conference call, after the tech company saw gross bookings hit an “all-time high” of $29.1 billion in the second quarter, a increase of 33 percent compared to the same quarter in 2021.

Second-quarter gross bookings for Uber for Business (U4B) reached $1.3 billion, a 41% year-over-year increase, according to the company.

Managed Uber for Business, which is the “actively managed part” of U4B through its account managers and sales team, also saw its share of bookings drop from 25% in the second quarter of 2021 to 29 % This year.

“We really sell to large enterprise customers, both in the tech space and in the non-tech space,” Khosrowshahi said.

“A lot of these companies, some of them go back to the office, some of them don’t. But they are growing. The champion use case we see with U4B is essentially the business traveler getting back on the road. »

The company is “actively selling” its Eats product to Uber for Business. “We see some customers, for example, buying our product from vouchers,” Khosrowshahi added.

The mobility (car) and delivery segments were almost evenly split: mobility bookings at $13.4 billion were up 55% from Q2 2021 or 57% at constant exchange rates.

Gross bookings at airports accounted for 15% of total mobility bookings, the same percentage as in 2019. Airport sales increased by 139% compared to 2021 “outpacing the overall recovery of the mobility segment as that consumer travel trends were improving.

The company’s total second-quarter revenue rose 105% to $8.1 billion, and Uber’s net loss was $2.6 billion. Mobility accounted for $3.55 billion in revenue, while delivery revenue was $2.69 billion.

“Revenue growth significantly outpaced gross bookings growth due to a change in business model for our mobility business in the UK,” Uber added in a statement.

Uber’s Europe, Middle East and Africa (EMEA) region saw revenue nearly double year-over-year to $1.85 billion for the quarter. It ranked just below the US and Canada region, which saw a 149% increase in revenue to $4.94 billion.

Earlier this year, Uber was finally granted a 30-month license to continue operating in London after a long battle with Transport for London (TfL), which had previously revoked its license.

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