Uber loses more than $1bn in first quarter
Wall Street researchers are still trying to get a handle on how to evaluate the money-losing ride-hailing business
30 May 2019 - 23:55
New York — Uber Technologies, in its first financial report as a public company, reported a $1.01bn quarterly loss, among the largest of any public company.
The world’s biggest ride-hailing operator generated $2.76bn in adjusted revenue in the first three months of the year, an increase of 14% and just exceeding analyst estimates of $2.75bn. The company, which has underperformed in its first weeks of trading, did not issue a forecast in the report on Thursday...
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