Uber rides take COVID-19 hit but food-delivery business doubles

08 Aug Uber rides take COVID-19 hit but food-delivery business doubles

Posted at 03:04h in coronavirus, uber by
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Uber recorded an adjusted loss in earnings before interest, taxes, depreciation and amortization of $837 million in the second quarter. Ride-hailing trips, in the past responsible for nearly two-thirds of Uber’s revenue, increased 5 percentage points from their low in April, but gross bookings remained down 75% from last year. Uber’s chief executive officer, Dara Khosrowshahi, told analysts on a conference call on Thursday that rides recovery depended on the ability of different countries to

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Uber rides take COVID-19 hit but food-delivery business doubles originally appeared on Autoblog on Fri, 7 Aug 2020 15:45:00 EDT. Please see our terms for use of feeds.

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