Is UberPool coming back?

Uber Pool was a program originally launched in 2014. Uber and Lyft canceled pool rides during the pandemic, fearing that having too many people in a car would spread COVID. Uber has reactivated the program, but they rebranded it with a new name, UberX Share, and made a few changes to benefit the passenger.



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Shared ride services were suspended in 2020 as a result of the COVID-19 pandemic. Uber said last week it is bringing back shared rides in available cities and will expand to additional markets this summer. The service, formerly known as Uber Pool, is returning under a new name, UberX Share.

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Today, Uber announced that Uber Pool is back, albeit with a new name: UberX Share.

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Uber is bringing back the carpool service in New York City, Los Angeles, Chicago, San Francisco, Phoenix, San Diego, Portland, Indianapolis and Pittsburgh, the company said.

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Uber Pool was a program originally launched in 2014. Uber and Lyft canceled pool rides during the pandemic, fearing that having too many people in a car would spread COVID. Uber has reactivated the program, but they rebranded it with a new name, UberX Share, and made a few changes to benefit the passenger.

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Today, the company says shared rides have returned to nine cities: New York City, Los Angeles, Chicago, San Francisco, Phoenix, San Diego, Portland, Indianapolis, and Pittsburgh. Like Lyft, Uber paused its Uber Pool service in March 2020 with the onset of the coronavirus pandemic.

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Financial Highlights for Second Quarter 2023 Gross Bookings grew 16% year-over-year (“YoY”) to $33.6 billion, or 18% on a constant currency basis, with Mobility Gross Bookings of $16.7 billion (+25% YoY or +28% YoY constant currency) and Delivery Gross Bookings of $15.6 billion (+12% YoY or +14% YoY constant currency).

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If you're not opposed to riding with strangers — much like you would on a bus — UberPool can offer you great prices for a reliable ride that meets all of Uber's standards. With UberPool, you can get matched with other passengers going in the same direction you're going.

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The Express POOL launch brings a change to the current Uber POOL model that's designed to make for more direct routing, with easier pickups for drivers and fewer annoying deviations from the route for riders thanks to two key actions Uber is asking riders to help out with: Walking and waiting.

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Unlike UberPool, Uber Express Pool doesn't guarantee that you will be picked up and dropped off at the exact location that you requested. Chances are you will be asked to walk for a block or so to your pickup location, and, likewise, that you may have to walk from where you're being dropped.

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Finally, a profit In Q2 2023, Uber's revenue totaled $9.23 billion, up 14% from $8.1 billion a year earlier. As we mentioned above, Uber finally turned an operating profit, reporting $326 million in Q2 compared to an operating loss of $713 million a year earlier.

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Since its launch, uberPOOL has become a popular carpooling service for riders worldwide and has served over one billion rides.

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Uber shares have skyrocketed in 2023. This good news wasn't enough to push shares higher, though, as Uber's sales missed expectations. Regardless, the stock is up 86% in 2023 (as of Aug. 3), handily beating the Nasdaq Composite Index.

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Where Uber's climate and autonomous driving goals will meet in the future. Uber plans to have its U.S. fleet and all drivers go electric by 2030 or be taken off the platform. The company says it will invest $800 million to help drivers pay for EVs, and partnerships with Ford and Hertz can help.

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How much should you tip Uber drivers? Similar to tipping for other services, like getting a massage or going to the nail salon, the rule of thumb is to tip 20%, says Sokolosky.

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Riders can request an Uber Pool trip for just themselves, or opt to bring a friend. There is a limit of two riders per request.

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While Uber's U.S. market share may be declining, the company is still growing strongly in terms of revenue and ridership. There are two reasons for this. First, Uber is a global company, whereas Lyft only operates in the North American market.

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