Slow Research Academy › Uber › Unit 2 “Breaking Down the Business”, lesson 2
Mobility and Delivery have similar bookings, but Mobility's profit is about twice as large
This unit asks: How do Mobility, Delivery and Freight each make money?
In H1 2026, Mobility and Delivery each had about half of Gross Bookings, while Mobility's segment profit was about twice Delivery's. By estimate, Mobility contributes about 80% of net income, and Delivery has been closing the gap quarter by quarter.
The same Uber user hails a ride to work in the morning and orders food at night.
In the company's reports, these two transactions belong to two segments, Mobility and Delivery.
In H1 2026, each segment had more than $53 billion of Gross Bookings, almost exactly the same size.
Each business has about half of Gross Bookings, but Mobility has about 70% of segment profit
Start with shares of Gross Bookings. In H1 2026, Mobility had $55.382 billion and Delivery $53.455 billion, almost the same size.
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