Uber to Expand Uber Eats Service with $2.3 Billion Acquisition of Catering Platform

Impact · against what's priced in

Uber's acquisition of ezCater provides a tangible bridge toward the sustained revenue growth the market currently rejects, adding $2.5 billion in annual gross bookings. While the price assumes a steep deceleration to 2.8% growth, this expansion into the catering vertical challenges that bear case by diversifying the Delivery revenue stream.

UBER+0.20: Challenges what's priced in
The price assumes: Sustained high-teens revenue growth
The market currently assumes revenue growth will collapse to 2.8%, but adding a network of 140,000 restaurants and $2.5 billion in annual gross bookings provides a concrete catalyst for the higher growth rates the price currently declines.
What UBER's price assumes · Sep 11

Uber to Expand Uber Eats Service with $2.3 Billion Acquisition of Catering Platform

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Uber to Expand Uber Eats Service with $2.3 Billion Acquisition of Catering Platform

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Brighthouse Financial PFDs: Update With Acquisition Still Pending (Rating Upgrade)

Uber to Expand Uber Eats Service with $2.3 Billion Acquisition of Catering Platform

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Brighthouse Financial PFDs: Update With Acquisition Still Pending (Rating Upgrade)

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Uber to Expand Uber Eats Service with $2.3 Billion Acquisition of Catering Platform

What matters in this story

Next reads from the same story arc

Brighthouse Financial PFDs: Update With Acquisition Still Pending (Rating Upgrade)

Uber to Expand Uber Eats Service with $2.3 Billion Acquisition of Catering Platform

What matters in this story

Next reads from the same story arc

Brighthouse Financial PFDs: Update With Acquisition Still Pending (Rating Upgrade)

How each ticker is affected

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