Uber One Memberships Jump 78% as Company Eyes Non-City Growth

Core Insights - Uber is experiencing significant growth in its membership program, with over 25 million members, reflecting a 70% year-over-year increase [1] - The company achieved over $1 billion in GAAP operating income for the first time and is projected to deliver 20% growth in gross bookings on a constant currency basis for the full year [1] Expansion Strategy - The company is shifting its focus beyond major cities, such as New York and Sao Paulo, to secondary and tertiary cities, where growth has been higher than in core areas [2] - Uber's growth in non-core cities is particularly notable in the delivery segment, where 60-70% of the market is located, and this segment is growing faster than city centers [3] Partnerships and Innovations - Uber has partnered with Avirde to utilize delivery robots for Uber Eats, starting in Austin with plans to expand to Dallas and Jersey City [3] - The ride-hailing aspect of the partnership is expected to launch in Dallas next year, allowing customers to have their rides fulfilled by Avirde's robots or vehicles [4] Industry Trends - The rise of robotaxis is seen as a potential game-changer in urban transportation, offering a convenient and cost-effective alternative to car ownership [5] - Robotaxis may address the 'first-mile/last-mile' problem in public transportation, enhancing public transit use and promoting a more sustainable urban environment [6]