Pandemic keeps Uber in the red as revenue plunges ...Qatar

Uber on Thursday reported that it lost $1.1bn in the recently ended quarter as the pandemic walloped its ride-hailing business, while boosting its food delivery service. Total revenue dipped 18% from a year earlier and the third-quarter loss was marginally higher than in the same period last year. Revenue in Uber’s mobility unit was down 53% from the same quarter last year, while money taken in from Uber Eats, which includes delivering restaurant meals or other orders, more than doubled, according to the San Francisco-based company. “Despite an uneven pandemic response and broader economic uncertainty, our global scope, diversification, and the team’s tireless execution delivered steadily i

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Last updated : 06 Nov 2020 clock 09:31 PM

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Pandemic keeps Uber in the red as revenue plunges ...Qatar

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