Finance

Uber targets $1 billion boost with 2026 European expansion

Published by Global Banking & Finance Review

Posted on February 15, 2026

1 min read

· Last updated: February 16, 2026

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Uber targets $1 billion boost with 2026 European expansion
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Feb 15 (Reuters) - Uber plans to roll out its delivery business into seven new European countries this year, as tech groups ramp up their efforts in the multibillion-euro food-delivery market, the

Uber Aims for $1 Billion Growth with 2026 Expansion in Europe

Uber's European Expansion Plans

Feb 15 (Reuters) - Uber plans to expand its food-delivery business into seven new European markets in 2026, launching services in markets including the Czech Republic, Greece and Romania, a company spokesperson told Reuters on Sunday.

Targeted New Markets

The expansion will also see Uber enter Austria, Denmark, Finland and Norway. The company expects the move to generate an additional $1 billion in gross bookings over the next three years.

Financial Expectations

"We're seeing strong demand from merchants and consumers for Uber's platform - and we think it's time to raise the bar, shake things up and deliver better value across the category," said Uber's global delivery head Susan Anderson.

Recent Acquisitions

Earlier this week, Uber agreed to acquire the delivery arm of Turkey's Getir from Emirati controlling shareholder Mubadala, strengthening its footprint in Turkey.

Uber's expansion plans were first reported by the Financial Times.

(Reporting by Shivani Tanna and Rishabh Jaiswal in Bengaluru; Editing by Sumana Nandy, William Mallard and Michael Perry)

Key Takeaways

  • Uber is expanding its food delivery services to seven new European countries.
  • The expansion aims to generate an additional $1 billion in gross bookings.
  • New markets include Czech Republic, Greece, and Romania.
  • Uber is acquiring Turkey's Getir delivery arm to boost its presence.
  • The move is part of a strategic push into the European market.

Frequently Asked Questions

What is food delivery?
Food delivery is a service that allows customers to order food from restaurants or stores and have it delivered to their location, typically through an app or website.
What is market expansion?
Market expansion refers to the strategy of entering new markets or regions to increase sales and reach new customers, often involving new product offerings or services.
What are gross bookings?
Gross bookings refer to the total value of all transactions made through a platform before any deductions, such as fees or cancellations.
What is a delivery service?
A delivery service is a business that transports goods or services from one location to another, often using various modes of transportation.

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