This Little-Known Technology Company Just Doubled Down on a Partnership With Uber Technologies -- a Partnership That Boosted Growth for Domino's Pizza
On Feb. 24, the world's largest pizza business, Domino's Pizza (NASDAQ: DPZ), reported its financial results for 2024. Investors were pleasantly surprised to see its sales surpass $19 billion, which was a strong 6% year-over-year increase. And Domino's achieved these results, in part, thanks to one key partnership.In July 2023, it signed a deal with Uber Technologies (NYSE: UBER). This might seem insignificant. But Domino's handles its own delivery and had resisted partnerships with third-party delivery services such as Uber Eats for years. Eventually, however, management relented and now allows orders through Uber Eats.Therefore, 2024 represented the first full year of the partnership between Domino's and Uber. And the year had better-than-expected growth for the pizza chain, which was partly credited to its deal with Uber.Continue reading
On Feb. 24, the world's largest pizza business, Domino's Pizza (NASDAQ: DPZ), reported its financial results for 2024. Investors were pleasantly surprised to see its sales surpass $19 billion, which was a strong 6% year-over-year increase. And Domino's achieved these results, in part, thanks to one key partnership.
In July 2023, it signed a deal with Uber Technologies (NYSE: UBER). This might seem insignificant. But Domino's handles its own delivery and had resisted partnerships with third-party delivery services such as Uber Eats for years. Eventually, however, management relented and now allows orders through Uber Eats.
Therefore, 2024 represented the first full year of the partnership between Domino's and Uber. And the year had better-than-expected growth for the pizza chain, which was partly credited to its deal with Uber.
