Uber posts $1 billion loss in quarter as growth in bookings slows

Uber posts $1 billion loss in quarter as growth in bookings slows

5 years ago
Anonymous $L9wC17otzH

https://finance.yahoo.com/news/uber-posts-1-billion-loss-210213496.html

Uber is seeking to expand in freight hauling, food delivery and electric bikes and scooters as growth in its now decade-old ride-hailing business dwindles. The company, valued at $76 billion, faces pressure to show it can still grow enough to become profitable and satisfy investors in an initial public offering planned for some time next year.

Its adjusted loss before interest, taxes, depreciation and amortization was $592 million, down from $614 million last quarter and $1.02 billion a year ago.

Uber posts $1 billion loss in quarter as growth in bookings slows

Nov 15, 2018, 10:27am UTC
https://finance.yahoo.com/news/uber-posts-1-billion-loss-210213496.html > Uber is seeking to expand in freight hauling, food delivery and electric bikes and scooters as growth in its now decade-old ride-hailing business dwindles. The company, valued at $76 billion, faces pressure to show it can still grow enough to become profitable and satisfy investors in an initial public offering planned for some time next year. > Its adjusted loss before interest, taxes, depreciation and amortization was $592 million, down from $614 million last quarter and $1.02 billion a year ago.