GITNUX MARKETDATA REPORT 2024

Must-Know Uber Growth Statistics [Recent Analysis]

Highlights: Uber Growth Statistics

  • In 2019, Uber’s net revenue was $14.14 billion, a 26.4% increase compared to 2018.
  • Uber reported around 78 million monthly active platform consumers in Q3 2020.
  • In 2020, Uber users in the United States spent $3.831 billion on rides.
  • Uber Freight’s revenue grew to $968 million in 2020, up 43% from $678 million in 2019.
  • The overall value of the global ridesharing market is expected to reach $218 billion by 2025, a promising market for Uber’s growth.
  • Uber held a 71% share of the U.S. ridesharing market in 2021.
  • The average trip distance for Uber users in the United States has steadily increased over the years, reaching 6.95 miles in 2018.
  • According to a survey conducted in 2020, 37% of Uber’s rider base in the United States was aged between 25 and 34 years old.
  • Uber completed its largest acquisition to date when it acquired Postmates in December 2020 for approximately $2.6 billion.

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As one of the world’s leading ride-hailing and delivery services, Uber has seen tremendous growth over the past few years. From its revenue to active users, gross bookings to completed trips, Uber continues to expand its operations across multiple markets worldwide. In this blog post we will be exploring some of these impressive statistics that demonstrate just how far Uber has come in such a short amount of time. We’ll look at their financials from Q4 2020 as well as other key metrics like global market share and user demographics for an overall picture of their success story so far. So let’s dive right into it.

The Most Important Statistics
In 2019, Uber’s net revenue was $14.14 billion, a 26.4% increase compared to 2018. This statistic is a testament to Uber’s success in 2019, showing a significant increase in net revenue compared to the previous year. It is a clear indication of the company’s growth and a sign of its potential for further expansion. This statistic is an important part of any discussion about Uber’s growth and success, and is essential for understanding the company’s trajectory. Uber reported around 78 million monthly active platform consumers in Q3 2020. This statistic is a testament to Uber’s remarkable growth over the past few years. It shows that the company has been able to successfully expand its user base and increase its market share. This statistic is also a great indicator of Uber’s success in providing a reliable and convenient service to its customers. It is a clear indication that Uber is a major player in the ride-hailing industry and is here to stay.

Uber Growth Statistics Overview

In 2020, Uber users in the United States spent $3.831 billion on rides.

This statistic is a testament to Uber’s success in the United States, demonstrating the company’s ability to capture a large portion of the ride-sharing market. It also serves as a benchmark for future growth, showing that Uber has the potential to continue to expand its user base and revenue.

Uber Freight’s revenue grew to $968 million in 2020, up 43% from $678 million in 2019.

This statistic is a testament to Uber Freight’s success in 2020, demonstrating a significant increase in revenue from the previous year. It is indicative of Uber’s overall growth and success, and serves as a powerful reminder of the company’s ability to adapt and thrive in a rapidly changing market.

The overall value of the global ridesharing market is expected to reach $218 billion by 2025, a promising market for Uber’s growth.

This statistic is a beacon of hope for Uber’s future growth, indicating that the global ridesharing market is a lucrative opportunity for the company. With a projected value of $218 billion by 2025, Uber stands to benefit greatly from this expanding market.

Uber held a 71% share of the U.S. ridesharing market in 2021.

This statistic is a testament to Uber’s success in the U.S. ridesharing market, highlighting the company’s ability to dominate the industry. It is a clear indication of Uber’s growth and market share, and serves as a powerful reminder of the company’s influence in the industry. This statistic is an important part of any discussion about Uber’s growth and success, and is essential to understanding the company’s current position in the market.

The average trip distance for Uber users in the United States has steadily increased over the years, reaching 6.95 miles in 2018.

This statistic is indicative of Uber’s success in expanding its user base and increasing its market share. It shows that more and more people are using Uber for longer trips, which suggests that the company is becoming a more viable option for transportation. This is an important statistic to consider when discussing Uber’s growth, as it demonstrates that the company is continuing to grow and expand its reach.

In the first quarter of 2020, Uber’s revenue in the EMEA region amounted to over $665.9 million, marking the highest share of Uber’s worldwide revenues.

This statistic is a testament to Uber’s success in the EMEA region, demonstrating the company’s impressive growth in the area. It highlights the fact that Uber is a major player in the region, and that its presence is only increasing. This is an important point to consider when discussing Uber’s growth statistics, as it shows that the company is continuing to expand and make an impact in the EMEA region.

According to a survey conducted in 2020, 37% of Uber’s rider base in the United States was aged between 25 and 34 years old.

This statistic is a telling indication of Uber’s success in appealing to a younger demographic. It demonstrates that the company has been able to capture the attention of a large portion of the 25-34 age group, which is a key demographic for many businesses. This statistic is important for understanding the growth of Uber and how it has been able to capture the attention of a large portion of the population.

Uber completed its largest acquisition to date when it acquired Postmates in December 2020 for approximately $2.6 billion.

This statistic is a testament to Uber’s ambition and growth potential. It demonstrates that the company is willing to invest heavily in its future, and that it is confident in its ability to make strategic acquisitions that will benefit its business. This acquisition of Postmates is a major milestone for Uber, and it is indicative of the company’s commitment to expanding its reach and increasing its market share. This statistic is an important part of the story of Uber’s growth, and it is a key factor in understanding the company’s success.

Conclusion

Uber has seen tremendous growth over the past few years, with its revenue increasing by 13% to $3.2 billion in Q4 2020 compared to Q4 2019 and global gross bookings reaching $14.15 billion in the same period. Uber’s active users have also grown significantly, from 68 million at the end of 2018 to 93 million at the end of 2019. This is further evidenced by their number of completed trips which reached 6.9 billion in 2019 and their net revenue which increased 26.4% year-over-year from 2018 to 2019 ($11bn vs 14bn).

The company has expanded its operations across 10,000 cities worldwide as well as into new markets such as freight services (Uber Freight) where they reported a 43% increase in revenues for 2020 ($678m vs 968m). Additionally, Uber Eats experienced an impressive 68% growth rate for gross bookings during this time frame while US riders spent around $3.831 billion on rides alone last year – indicating that there is still plenty of room for future expansion within these areas too.

Furthermore, according to surveys conducted throughout 2020 it was found that 37 percent of Uber’s rider base were aged between 25 and 34 years old; showing how popular this service remains amongst younger generations who are more likely than ever before looking towards convenient transportation options like ride sharing apps instead traditional methods such taxis or public transport systems due largely thanks advances made technology wise over recent times. Finally when taking all factors into consideration one can see why market analysts predict value global ridesharing industry reach 218$B 2025 – making now perfect opportunity invest heavily both existing core platforms delivery services alike order ensure continued success long term basis going forward.

References

0. – https://www.grandviewresearch.com

1. – https://www.statista.com

2. – https://www.reuters.com

ZipDo, cited June 2023: Uber Growth Statistics

FAQs

What is the annual growth rate of Uber in terms of revenue?

Uber's revenue has seen fluctuating growth over the years, but between 2017 and 2018, they experienced an annual growth rate of approximately 42%, increasing their revenue from $7.5 billion to $10.87 billion.

How many countries and cities has Uber expanded to since its launch?

Uber has expanded its operations to over 70 countries and more than 830 cities worldwide as of 2021.

How has the number of Uber drivers grown over the years?

The number of Uber drivers has been continuously growing. In 2014, there were around 160,000 Uber drivers in the United States, and by the end of 2019, there were approximately 5 million drivers worldwide.

How has Uber's market share changed over the years?

In the United States, Uber's market share grew from about 74% in 2017 to roughly 81% in 2019. However, due to increased competition, Uber's global market share dropped from 83% in 2017 to 77% by 2020.

What is the average number of daily Uber rides?

As of December 2019, there were an estimated 14 million Uber trips completed daily. However, due to the COVID-19 pandemic, the number of daily rides has decreased significantly, with a 30% decline in rides during Q2 of 2020.

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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