UBER · Earnings call · 2026Q3T · Full report
Grocery Delivery Partnerships
Uber Technologies, Inc · 2026-11-04 · Importance 60 · Surprise 62 · In source text
Uber said its grocery and retail business had reached a $15 billion run rate, growing 40% year over year, and described selection, affordability, and consumer experience as its key investment areas. It plans to expand Costco nationwide and cited partnerships with Target, Decathlon, Priceline in Australia, Tesco in the UK, and Rewe in Germany. Product initiatives include more accurate pick-and-pack, higher shopper quality, and shelf-photo verification to improve trust when items are unavailable. Management described dark stores as a selective, market-specific option where inventory control and found rates can improve service quality, citing activity in the Middle East, Turkey, and Taiwan.
Key facts
- Uber announced an expansion of Costco availability to nationwide coverage.
- Uber added Target, Decathlon, Priceline in Australia, Tesco in the UK, and Rewe in Germany as international grocery and retail partners.
- Uber offers Uber One members no fees on orders above $60 as part of its affordability investments.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | probable | — | Uber announced an expansion of Costco availability to nationwide coverage. |
| revenue | positive | probable | — | Uber added Target, Decathlon, Priceline in Australia, Tesco in the UK, and Rewe in Germany as international grocery and retail partners. |