Uber has announced its expansion into 7 new European markets with Uber Eats, a move that is expected to generate $1 billion in additional gross bookings over the next three years. The expansion is seen as a strategic push into a high-growth segment, with a potential to add $250 million in incremental revenue. The company’s stock price rose by 2.1% in early trade following the announcement, reflecting the market’s positive view of the growth opportunity. Analysts believe that the expansion will help Uber to bolster its growth trajectory and increase its market share in the competitive food-delivery landscape.