Uber unveils new details around Drizly deal

Update8 months ago
On Wednesday after hours, Uber reported mixed Q4 results, with adjusted revenue falling -2% short of expectations and profit margins coming in nicely ahead.
We believe the shortfall on revenue was mostly attributable to weakness on the rides side, which saw its mix of bookings come from more lower take rate countries / regions than expected.
This wound up masking the company's tremendous growth in its delivery segment, which grew more than 220% year-over-year.
We believe the expansion of Uber's delivery platform will be key to unlocking its future as an operating system for urban living.
Part of that thesis recently took on a new leg following Uber's recently announced acquisition of drinks delivery platform Drizly.
On the investor call, management revealed that Drizly was growing over 300% year-over-year and was already profitable on an EBITDA business
We believe Uber will benefit from material cross-selling synergies by integrating Drizly within its broader ecosystem, and also think it will benefit from seeing a significant average order value uplift.
Stepping back, we were pleased with Uber's performance on the delivery side this quarter, and see the company well on track to hit its marquee 2021 profitability targets.
As of this writing, UBER was a portfolio holding of Titan. This security may cease to be a portfolio holding at some point in the future.

Become a Titan investor today.

Titan Global Capital Management USA, Inc ("Titan") is an investment adviser registered with the Securities and Exchange Commission (“SEC”). By using this website, you accept our Terms of Use and Privacy Policy. Titan’s investment advisory services are available only to residents of the United States in jurisdictions where Titan is registered. Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities. Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance. Account holdings are for illustrative purposes only and are not investment recommendations. The content on this website is for informational purposes only and does not constitute a comprehensive description of Titan’s investment advisory services.
Refer to Titan's Program Brochure for more information. Certain investments are not suitable for all investors. Before investing, consider your investment objectives and Titan’s fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Brokerage services are provided to Titan Clients by Apex Clearing, an SEC registered broker-dealer and member FINRA/SIPC. For more information, see our disclosures. Contact: 110 Greene Street, Suite 910, New York, NY 10012. Information provided by Titan Support is for informational and general educational purposes only and is not investment or financial advice.
© Copyright 2021 Titan Global Capital Management USA, Inc. All Rights Reserved.