Uber Launches 'Explore' To Further Diversify Revenue Stream

March 1, 2022 10:59 AM | 1 min read |

Uber Technologies Inc's UBER new "Explore" feature will allow users to book dinner reservations, concert tickets, and other events directly through the Uber app.
This new feature, Uber Explore, will appear as a new tab in the app.
Users can buy tickets with their Uber Wallet or a credit card.
Previously, Uber heavily invested in its Uber Eats grocery, beverage, and convenience delivery services during the pandemic, and that segment continues to outperform ride-hailing, CNBC reports.
Uber's delivery revenue of $2.42 billion outperformed the $2.28 billion generated by its core ride-hailing business.
Price Action: UBER shares traded lower by 4.08% at $34.56 on the last check Tuesday.

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.