Uber targets $1 billion boost with 2026 European expansion

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.

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.

"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.

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)

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