a first-quarter financial loss of $2.9 billion that was wider than Wall Street had expected, sending shares down about 4% in after-hours trading. Adjusted net income: $1.70 versus an expected $0.
75 per shareas much of the world was hit with shelter-in-place orders. Uber has relied heavily on Uber Eats to make up for the losses, and the company said it saw a 52% increase in gross bookings for the delivery segment to $4.68 billion.
Shocker. They’ve lost billions for years. The biggest scam on earth.
Yes due to COVID no passengers, not a big deal as they open things up.
Don’t they lose money every quarter?
So sad. And ab5 hurt them too