PYMNTS-MonitorEdge-May-2024

Uber Trips Tally 10B

Uber has reached a major milestone: completing more than 10 billion trips.

“We’ve hit some pretty exciting milestones together in the past, and this latest one is no different,” the company wrote in a blog post. “On Sunday, June 10, 173 trips and deliveries started simultaneously at 10:12pm GMT, putting us over 10 billion completed trips.”

The ridesharing company has made trips in more than 21 countries across five continents, including Montreal, Mexico City and Miami. Uber revealed that Latin America took the top spot for most simultaneous trips on a continent. The shortest Uber Eats delivery clocked in at just over half a mile, while the longest trip was a 41-mile ride to the airport in Denver.

“It’s safe to say we’re just as excited as we were on Day One to continue building the best products and experiences for the next 10 billion trips. From all of us at Uber, thank you,” the company stated.

And Uber hasn’t stopped looking for ways to boost business. In June, it was reported that the company was getting ready to roll out a new pricing structure in which users can get cheaper rides if they are willing to wait longer. An Uber spokesperson confirmed that it is testing the feature with Uber employees in San Francisco and Los Angeles.

“Affordability is a top reason riders choose shared rides, and we’re internally experimenting with a way to save money in exchange for a later pickup,” the spokesperson said in the statement.

More rides will also benefit the company’s drivers. Last month, Uber revealed that it has facilitated more than $600 million of payments in the form of tips to its drivers since it launched its in-app tipping service for drivers in 2017. While Uber had $50 million in tips last August, that has grown since then. In May, it launched mid-trip ratings and tips, and that has driven a 30 percent increase in tipping, said Uber Product Manager Dhruv Tyagi.

PYMNTS-MonitorEdge-May-2024