April 8, 2016

Perth Earnings Update

Tom

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The last few months have seen driver-partners become busier in Perth.

Prices were lowered which helped bring tens of thousands of new riders onto the platform to make driver-partners busier.
Summer came to an end and students came back to university.
The 2016 football season kicked off.
Due to the new partner app feature, more and more driver-partners are now receiving their next trip request before the end of their current trip, meaning more time earning and less time waiting.

These factors have had a positive impact on the driving experience in Perth. Driver-partners are now completing more trips per hour on average across the week and earning more in fares per hour than they were earlier in the year.

In Perth, we’ve seen that driver-partners are:

spending more time per hour on trip
spending significantly less time online waiting for the next trip
earning more in fares per hour

For every hour spent on the road, driver-partners are spending on average 14.5% more time on a trip and 18.3% less time waiting for a trip.

Since the reduction in price, the number of riders that are taking a trip each week in Perth has increased by 17.6%. This means for every six riders that used Uber each week, there are now seven, meaning more demand and higher driver-partner earnings.

Interestingly, we have seen the strongest growth in rider requests in Perth’s outer suburbs, suggesting that riders in those areas now find the platform more accessible, convenient and affordable than they did previously. The areas with the highest growth in requests since the price cut are: