Uber beats on earnings as revenue growth accelerates, lost $8.5 billion last year

During the fourth quarter, Uber faced tighter regulations impacting its business in London and California and continued to slash costs.

Uber's top segment, Rides, including ride-sharing services and fees from drivers, delivered $13.51 billion in gross bookings, up 18% and below the $13.60 billion estimate among analysts polled by FactSet. Uber is still paying out a massive amount of what it calls "driver referrals and excess driver incentives" to drivers in its food and ridesharing business.

Adjusted EBITDA for all segments except Rides were all in the red year over year. Rides produced $742 million in EBITDA, up some 281%.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

How the cofounders of baby-food company Yumi raised $8 million - Business InsiderThe exact strategies that helped a former analyst and journalist raise $8 million for their organic baby-food company from billion-dollar brand names like Uber and Sweetgreen (by RobinMadell)
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »

Jobless claims, Uber earnings, Twitter also reports: 3 things to watch for ThursdayInvestors will monitor earnings reports from Uber and Twitter, as well as the latest weekly jobless claims number.
Fuente: CNBC - 🏆 12. / 72 Leer más »