10 Best Delivery Stocks to Buy According to Billionaires

2. Uber Technologies, Inc. (NYSE:UBER)

Number of Billionaires: 22

Billionaire Holdings: 1,715,739,984

During the pandemic, ride-sharing behemoth Uber Technologies, Inc. (NYSE:UBER) increased its efforts to distribute food from restaurants by acquiring Postmates, a food delivery service, to strengthen its Uber Eats offering. The shares have surged up by more than 20% YTD, making it one of the Best Delivery Stocks.

The fourth-quarter performance of the firm is strong despite challenges like currency headwinds and temporary setbacks. Uber Technologies, Inc. (NYSE:UBER)’s revenue climbed primarily as a result of robust demand in Mobility and Delivery, as well as higher trip volume. Overall gross bookings grew by 18% year over year to $44.2 billion, with delivery coming in at $20.1 billion (18% growth YoY) and mobility at $22.8 billion (18% growth YoY). The combined Mobility and Delivery revenue increased 23% year over year to $10.7 billion, driving a 20% YoY rise in revenue to $12.0 billion.

Increased order volume and strengthened merchant relationships drove the growth of the Delivery segment, which helped to drive an 18% YoY rise in gross bookings. Trips climbed 18% year over year to 3.1 billion, with an average of 33 million each day. These outcomes display the company’s consistent performance and operational resilience in the face of outside obstacles.

Uber Technologies, Inc. (NYSE:UBER) is the ideal partner for autonomous vehicle businesses seeking to build AV fleets and get high utilization rates because of its position as the leading ride-hailing and delivery demand aggregator. This allows the firm to collaborate with firms like Waymo or Tesla to smoothly set up autonomous vehicles for its massive audience at a low cost, thereby strengthening its dominance in the future of delivery.