UBER · Earnings call · 2026Q3T · Full report

Competition and Market Position

Uber Technologies, Inc · 2026-11-04 · Importance 20 · Surprise 24

Uber said the possible DoorDash–Instacart combination had not changed its focus on improving grocery and retail selection, quality, on-time performance, and fill rates. Management said merchant partners value choice and direct channels, and reported that some partners had approached Uber seeking to deepen their relationship and avoid dependence on a single platform. Uber views the opportunity as a large market and expects continued investment in its product and merchant relationships to support its position.

Key facts

• Uber’s grocery and retail business had a $15 billion run rate and grew 40% year over year, according to the CEO’s response on competition.
• Uber said merchants had contacted it about a potential DoorDash-Instacart transaction, with some seeking to build their Uber business to avoid overdependence on one platform.
• Uber said grocery and retail merchant partners want choice, direct channels, and multiple delivery-platform partners.