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Uber's Growth Slows for a Third Straight Quarter With $1 Billion Loss, Report Says
25 days ago - By Fortune
Uber stomached a $1 billion loss in its third quarter and saw a continued trend of slow growth for its ride-share bookings, Reuters News reported .
The third quarter, ending Sept. 30, marked the third straight quarter that booking growth was in the single digits, according to the news service.
Reuters reports that Uber's adjusted loss before interest, taxes, depreciation, and amortization was $592 million, but said that number is still down from last quarter and a year ago.
As growth in the ride-sharing portion of the company stalls, Uber is investing in its other ventures. The company...
Read more ...Uber lost nearly $1 billion last quarter as the ride-hailing giant's growth slows
25 days ago - By Business Insider
Uber reported its third-quarter financials to select media outlets on Wednesday.
The numbers show widening losses and slowing growth as the ride-hailing giant races towards a public stock offering.
It's the first time the company has provided specific data for Uber Eats.
Uber has released its in-house financials for the third quarter. The numbers show widening losses and slowing growth for the ride-hailing giant as it races towards an IPO as soon as next year.
Here are the important numbers:
Revenue: $2.95 billion, up 38% from the previous year.
Adjusted net loss: $939 million, up 38% from...
Read more ...Uber's Losses Continue Ahead of Initial Public Offering
25 days ago - By NY Times
Uber, which is moving toward a public debut next year, said its net loss was more than $1 billion in the third quarter.
Read more ...Uber posts $1 billion loss in quarter as growth in bookings slows
25 days ago - By Reuters
Uber Technologies Inc said on Wednesday that growth in bookings for its ride-hailing and delivery services rose 6 percent in the latest quarter, the third quarter in a row that growth has remained in the single digits after double-digit growth for all of last year.
Read more ...
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