Sunday , March 7 2021

Uber losses continue to swell



In the third quarter, Uber Technologies announced on Wednesday that it has increased its losses, with a 6% increase in race and male performance, thus confirming a slowdown at the beginning of the year.

The US group lost $ 1.07 billion (€ 946 million) in July-September, a 20% increase over the second quarter, a decrease of 27% compared to the same period last year; In the third quarter of 2017, history was the worst result after the departure of its co-founder and former CEO, Travis Kalanikas.

Correct quarterly losses before financial expenses, taxes, depreciation and amortization amounted to USD 592 million compared to USD 614 million in April-June and USD 1.02 billion in the third quarter of 2017.

Chief Financial Officer Nelson Chay, who has been job vacancies since three years since September, spoke of a "strong new quarter."

The gross booking in the third quarter was $ 12.7 billion, an increase of 6% over the quarter and a 41% increase over the previous year.

Their quarterly growth was almost 30% at the end of 2016, and in each quarter of 2017 it was above 10%.

Revenue 2.95 billion In the second quarter, the US dollar increased by 5%, but compared with the corresponding period of the previous year – 38%. In April-June, its annual growth was 63%.

Since joining Daras Khosrowshahi under general leadership a little over a year ago, Uber has stepped down from a number of foreign markets, where he has suffered heavy losses and expensive operations, such as autonomous lorries.

At the same time, Japan's SoftBank conglomerate completed the 15% stake in January, which was concluded under an agreement to open the Uber U.S. IPO no later than 30 September 2019.

According to sources close to the case, the US company could promote this marketing in the first half of next year, hoping to benefit from good market conditions and in front of its big American rival, Lyft.

Uber Eats, a food supply branch, reported that shopping in the third quarter was $ 2.1 billion, up 150% from a year earlier.


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