Uber acquiring alcohol delivery service Drizly for $1.1B

February 08, 2021

Uber (NYSE:UBER) has reached an agreement to acquire Drizly in a $1.1B cash and stock deal.

Drizly works with thousands of local merchants and delivers alcohol in 1,400 cities across the United States.

After the deal closes, Drizly will become a wholly owned subsidiary of Uber . Drizly will be integrated into the Uber Eats app but the standalone app will continue to exist.

Uber expects that about 90% of the consideration will be paid with Uber shares and cash will make up the rest. The deal is expected to close in H1 2021.

During the pandemic, the surging demand for Uber Eats helped the company offset losses in the ride-share business. Uber has since moved to expand its delivery offerings, including the recent expansion of prescription deliveries.

Fundamentals Uber

Over the current book year the total revenue will be 12.33 billion USD (consensus estimates). This is hugely lower than 2019's revenue of 14.15 billion USD.

Historical revenues and results Uber plus estimates 2020

Uber

The analysts expect for 2020 a net loss of 6.71 billion USD. The majority of the analysts expects for this year a loss per share of 3.87 USD. Based on this the price/earnings-ratio is -15.14.

For this year analysts don't expect the company to pay a dividend. The average dividend yield of the support companies equals a low 0.22 percent.

Uber 's market capitalization is around 98.56 billion USD. The Uber stock was the past 12 months quite volatile. Since last February the stock is even 44 percent higher. This year the stock price moved between 14 and 60 dollar.

Historical stock prices Uber period 2007-2020

Click here for dividend Uber. At 21.58 the stock trades 0.99 percent higher at 58.58 USD.

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