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This article shows Uber’s Number of Trips Worldwide, reported on a quarterly basis from 2016 onwards.
Uber Technologies, Inc. is a technology platform that powers transportation from one location to another by leveraging a huge network, cutting-edge technology, operational excellence, and product knowledge. They create and run proprietary technological applications that support a wide range of offerings on our platform. Uber’s technology is currently available in around 71 countries worldwide, mostly in the United States (U.S.) and Canada, as well as Latin America, Europe, the Middle East, Africa, and Asia.
|Period||Q1 2019||Q2 2019||Q3 2019||Q4 2019||Q1 2020||Q2 2020||Q3 2020||Q4 2020||Q1 2021|
(All figures in billions)
Uber’s number of trips declined by 46% between Q1 2016 and Q1 2021, down from 2.68 billion in Q1 2016 to 1.45 billion in Q1 2021. The number of trips increased from 1.55 billion in Q1 2019 to 1.68 billion in Q2 2019, marking an 8% increase during the period. The growth rate decreased to 6% between Q2 2019 and Q3 2019 where it was 1.77 billion trips. The number of trips increased from 1.77 billion in Q3 2019 to 1.91 billion in Q4 2019, marking an 8% increase year-on-year. However, the number of trips decreased to 1.66 billion in the next quarter, down by 13%. The period between Q1 2020 and Q2 2020 witnessed the highest fall on 55% to 0.74 billion trips.
This was due to the COVID-19 outbreak, various governmental restrictions on travel, limitations on social or public gatherings, and other social distancing measures that had, an adverse impact on business and operations, including, for example, reducing the global demand for Mobility rides. They recovered from this fall in the next quarter with the number of trips increasing to 1.15 billion, up by 55%. During the period between Q3 and Q4 2020, the number of trips increased by 25% to 1.44 billion. It further increased to 1.45 billion trips in Q1 2021.
The COVID-19 pandemic has rapidly altered worldwide market and economic conditions, affecting Drivers, Delivery People, Merchants, consumers, and business partners, as well as our operations, results of operations, financial position, and cash flows. The considerable adverse changes in economic and market conditions caused by COVID-19 necessitated the recording of $1.7 billion in pre-tax impairment costs in Q1 2020, mostly related to their investment in Didi.
About Uber Technologies, Inc.
Uber Technologies, Inc., or Uber, is a technology firm based in the United States headquartered in San Francisco, California. Its services include ride-hailing, food delivery (Uber Eats), package delivery, couriers, freight transportation, and electric bicycle, and motorized scooter rental through a collaboration with Lime. The company’s headquarters are in San Francisco, and it operates in more than 900 cities throughout the world. It’s one of the loneliest cities in the United States. It is one of the most significant firms in the gig economy. Uber approximately employs 30000 employees. Some subsidiaries of Uber are Careem, Cornershop, Postmates, and Uber Eats.
Uber has around 93 million monthly active users worldwide, according to estimates. Uber has a 71 % in ride-sharing and a 22% market share in food delivery in the United States. Uber has become so well-known in the sharing economy that changes in many industries as a result of the company have been branded “uberisation”, and many firms have marketed themselves as Uber for X. Uber sets the fees and terms under which drivers transport passengers. The firm takes a 25% cut of each fare delivered by Uber’s “partners.” Uber operates on a dynamic pricing mechanism. Fares vary according to local supply and demand at the time of service. Customers are quoted the fare in advance.
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* Billed annually, local taxes extra.
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