{"id":18400,"date":"2020-12-31T16:38:00","date_gmt":"2020-12-31T13:38:00","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/?p=18400"},"modified":"2026-03-27T20:08:57","modified_gmt":"2026-03-27T17:08:57","slug":"ubers-net-revenue-down-50-in-q2-of-2020-covid-19s-impact-on-the-ride-sharing-app","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/ubers-net-revenue-down-50-in-q2-of-2020-covid-19s-impact-on-the-ride-sharing-app\/","title":{"rendered":"Uber\u2019s Net Revenue Down 50% in Q2 of 2020 \u2013 COVID-19\u2019s Impact on the Ride-Sharing App"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">COVID-19 disrupted many industries that were flourishing before the difficult days of 2020. One of the biggest global brands that were undoubtedly hit hard by the pandemic was Uber. According to data presented by\u00a0Stock Apps, the ride-sharing app\u2019s quarterly net revenue decreased by almost 50% in Q2 of 2020.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Uber\u2019s Quarterly Net Revenue Down Almost 50% In Q2 Of 2020<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Uber is a company that has been flourishing since its inception in 2009. Its success extended beyond the US&#8217;s shores, with operations in 60+ countries and over 900 metropolitan areas as of writing. However, as lockdowns restricted movement around the world in a bid to shelter from the effects of the pandemic, the ride-sharing app inevitably sustained a direct hit.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In Q2 of 2020, Uber\u2019s Net Revenue decreased from $3.3B in Q1 to 1.9B in Q2 \u2013 a 40% decrease. The Q2 number is also almost 50% lower than the high of $3.7B from Q4 2019.<\/p>\n\n\n\n<div class=\"infogram-embed\" data-id=\"cfc20f42-b872-4453-b5ca-b9300f33ba62\" data-type=\"interactive\" data-title=\"Uber\"><\/div><script>!function(e,i,n,s){var t=\"InfogramEmbeds\",d=e.getElementsByTagName(\"script\")[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement(\"script\");o.async=1,o.id=n,o.src=\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\",d.parentNode.insertBefore(o,d)}}(document,0,\"infogram-async\");<\/script>\n\n\n\n<h2 class=\"wp-block-heading\">Decline in Rides, Monthly Active Users, and Bookings Contribute to Sharp Downturn<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">While Uber has recently expanded to other services such as Uber Eats, it was primarily known as a ride-sharing app. The future looked bright for the industry, and Uber dominated the space. However, the COVID-19 pandemic makes the future of the industry very uncertain.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As soon as the pandemic took hold around the globe around March of 2020, several key metrics for Uber began to decline, contributing to the significant decrease in net revenue. Uber\u2019s global gross bookings reached a high of just over $18B in the fourth quarter of 2019 but dropped by 43.6% in Q2 of 2020 to just over $10B.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Providing mobility is the backbone of Uber\u2019s business, and when lockdowns around the world restricted movement, Uber\u2019s ride-sharing service was no longer deemed a necessity for most. In Q4 of 2019, Uber gave almost 2 billion rides worldwide, which dropped by more than 61% to 737 million rides in Q2 of 2020. Uber\u2019s monthly active users also dropped by over 50% in the same time period as most people were forced to work from home and had no need for the ride-sharing app.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Slight Recovery in Q3 But Not Close to 2019\u2019s Numbers<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Uber did manage to recover in all the metrics above for Q3 2020 as things began to improve worldwide. However, the numbers are still no comparison to the levels reached in 2019, a clear effect of the Coronavirus pandemic. Q3 2020\u2019s net revenue of $2.8B is still more than 20% lower than the same period in 2019.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It is important to note that many countries are still experiencing second and third waves, so the recovery might still be short-lived. With varying situations worldwide, especially in key metropolitan areas where Uber operates, the immediate future is still full of uncertainty for Uber.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>COVID-19 disrupted many industries that were flourishing before the difficult days of 2020. One of the biggest global brands that were undoubtedly hit hard by the pandemic was Uber. According to data presented by\u00a0Stock Apps, the ride-sharing app\u2019s quarterly net revenue decreased by almost 50% in Q2 of 2020. Uber\u2019s Quarterly Net Revenue Down Almost [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":8323,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":26,"_extra_hide_author_box":"","_extra_featured_post":"0","_partner_post_id":0,"footnotes":""},"categories":[26],"tags":[],"class_list":["post-18400","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automotive","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Uber net revenue - Down 50% in Q2 2020 | Saudi Shopper<\/title>\n<meta name=\"description\" content=\"Uber net revenue fell nearly 50% in Q2 2020 as COVID-19 disrupted ride-sharing. 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