Uber agrees to buy ezCater for USD 2.3 billion for Uber Technologies stock

Published on 10/20/2026 at 11:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Uber targets corporate catering with ezCater. Uber Technologies stock costs EUR 62.19 on October 20, 2026 at Lang & Schwarz.

Deal and reporting date

Uber announced the USD 2.3 billion ezCater acquisition on October 6, 2026.
Second-quarter revenue reached USD 14.19 billion in the period ended June 30, 2026.
Uber Technologies stock was trading at EUR 62.19 at 11:40 a.m. CEST at Lang & Schwarz on October 20, 2026.

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Uber Technologies (US90353T1007) agreed to acquire ezCater for USD 2.3 billion on October 6, 2026, giving Uber Eats access to corporate catering and workplace meal orders. The transaction is subject to regulatory approvals and is expected to close in the coming months, according to Uber Technologies.

Why does the deal matter?

ezCater connects businesses with more than 140,000 restaurants, while Uber plans to combine its catering and business-to-business expertise with Uber Eats and Uber for Business. The deal adds scheduled, higher-value orders to a delivery operation that Uber is already expanding through acquisitions and platform investments.

Reuters reported on October 6, 2026, that the transaction would strengthen Delivery, which Uber describes as its fastest-growing business segment. The company also expects ezCater to add larger workplace orders and broaden its corporate customer base.

Revenue reached USD 14.19 billion

Uber reported USD 14.19 billion in revenue for the second quarter of 2026, up from USD 13.20 billion in the first quarter. Net income attributable to common shareholders was USD 2.39 billion in the second quarter, compared with USD 263.00 million in the first quarter, according to the company's reported financial statements. The second-quarter reporting period ended June 30, 2026.

Uber's second-quarter earnings call also highlighted gross bookings of more than USD 58.00 billion, up 22.00 percent year over year. Management said non-GAAP earnings per share increased 35.00 percent year over year, while trailing twelve-month free cash flow exceeded USD 10.00 billion, as reported by Benzinga on October 8, 2026.

Three dated steps for Uber

On October 6, 2026, Uber announced the USD 2.3 billion ezCater agreement. On October 8, 2026, its earnings call detailed gross bookings above USD 58.00 billion and free cash flow above USD 10.00 billion. On October 20, 2026, the stock was trading at EUR 62.19 at Lang & Schwarz.

What comes next for Uber?

Uber's next earnings report is scheduled for November 4, 2026, according to Yahoo Finance. That update will show whether the company's delivery expansion and corporate catering strategy are translating into further revenue and operating leverage.

Stock price and market value

Uber's primary listing is on the NYSE, where the stock was last quoted at USD 69.96 on October 19, 2026, with a 52-week range of USD 65.41 to USD 100.35. The market capitalization was USD 142.9 billion at that quote date. In Germany, the Lang & Schwarz quote stood at EUR 62.19 on October 20, 2026 at 11:40 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Uber Technologies stock.