Posts Tagged: "UberEats"

One of the sectors of the U.S. economy that has seemingly thrived through the COVID-19 pandemic—indeed, because of the pandemic—has been food delivery services. Buoyed by successful firms like GrubHub and DoorDash, food delivery apps have benefitted from increased demand due to social distancing and shelter-in-place orders during the pandemic. The top four delivery apps saw a year-over-year increase of $3 billion in combined revenues when comparing the second and third quarters of 2019 and 2020. Global revenues in the food delivery sector have doubled between 2017 and 2020 and are expected to reach $97 billion USD by the year 2024. In its most recent quarterly earnings report, DoorDash announced that it had delivered 345 million orders during 2021’s second quarter, a record for the company, although order growth slowed compared to the first few months of the pandemic.