![]() Notably, Bloomberg Second Measure is unable to reliably track Postmates between October and December of 2022. meal delivery market in February 2023, bringing Uber’s total market share to 25 percent. consumers.Īt the end of November 2020, Uber (NYSE: UBER) acquired Postmates in an attempt to consolidate market share and boost profitability. Our analysis includes debit and credit card purchases from a panel of millions of U.S. ![]() Additionally, Bloomberg Second Measure’s data does not include Uber Eats’ purchases made using Uber Cash or purchases made by corporate customers, an area where meal delivery services are reportedly making inroads. First, Bloomberg Second Measure is unable to reliably track data for Uber Eats from March to September 2019. ![]() It is worth noting that our sales metrics may differ from publicly reported earnings for a number of reasons. Between January 2019 and February 2023, DoorDash’s market share among these companies roughly doubled.Īmong the companies in our analysis, Uber Eats came in second place with 23 percent of sales in February 2023. DoorDash made its public market debut with one of the biggest IPOs of 2020, and has accounted for an increasing percentage of market share during the COVID-19 pandemic. Our data reveals that in February 2023, sales for major meal delivery services grew 9 percent year-over-year, collectively.īloomberg Second Measure’s transaction data shows that in February 2023, DoorDash (NYSE: DASH) and its subsidiary Caviar earned 65 percent of U.S. Despite new macroeconomic challenges such as rising food prices, competition from dine-in restaurants, and increased fuel costs, the meal delivery industry as a whole is continuing to see some growth, though at much lower rates than those pandemic peaks. Consumer transaction data shows that in April 2020, combined sales for major meal delivery services grew 162 percent year-over-year and 59 percent compared to the previous month. When many Americans sheltered in their homes early in the coronavirus pandemic, meal delivery sales reached new heights. ![]()
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