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Uber on Wednesday reported a loss of $968 million in the final three months of 2020, as the smartphone-summoned ride business struggled during the pandemic. The loss was narrowed slightly from $1.1 billion in the same period a year earlier, according to Uber, which saw a surge in its food delivery operations to partly offset the decline in ridesharing. Revenue in the quarter was $3.2 billion, a 16 percent decrease from the same period a year earlier. "While 2020 certainly tested our resilience, it also dramatically accelerated our capabilities in local commerce," Uber chief executive Dara Khosrowshahi said. gc/rl
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Factors
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Emotion
Date published
2021-02-10