Uber loses $1 billion in quarter, hitting forecast, as revenue rises 20%

Uber loses $1 billion in quarter, hitting forecast, as revenue rises 20%

5 years ago
Anonymous $9jpehmcKty

https://www.reuters.com/article/us-uber-results/uber-loses1-billion-in-quarter-hitting-forecast-asrevenue-rises-20-idUSKCN1T02F0

Uber Technologies Inc reported a $1 billion loss in its first quarterly report as a public company on Thursday, despite a 20 percent rise in revenue, posting results in line with its forecasts but underscoring the challenges the ride-hailing service faces to become profitable one day.