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08-07-2020, 01:57 PM
Filed under: Earnings/Financials (https://www.autoblog.com/category/earnings-financials/),Green (https://www.autoblog.com/category/green-auto-news/),Transportation Alternatives (https://www.autoblog.com/category/transportation-alternatives/)
https://o.aolcdn.com/images/dims3/GLOB/crop/5271x2965+0+0/resize/800x450!/format/jpg/quality/85/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-uploaded-images/2020-08/176c22c0-d8e3-11ea-9f4f-2563a6d68fbe 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 Continue reading Uber rides take COVID-19 hit but food-delivery business doubles (https://www.autoblog.com/2020/08/07/coronavirus-uber-rides-down-eats-deliveries-up/)
Uber rides take COVID-19 hit but food-delivery business doubles (https://www.autoblog.com/2020/08/07/coronavirus-uber-rides-down-eats-deliveries-up/) originally appeared on Autoblog (https://www.autoblog.com) on Fri, 7 Aug 2020 15:45:00 EDT. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
Permalink (https://www.autoblog.com/2020/08/07/coronavirus-uber-rides-down-eats-deliveries-up/) | Email this (https://www.autoblog.com/forward/2255638/) | Comments (https://www.autoblog.com/2020/08/07/coronavirus-uber-rides-down-eats-deliveries-up/#comments)
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https://o.aolcdn.com/images/dims3/GLOB/crop/5271x2965+0+0/resize/800x450!/format/jpg/quality/85/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-uploaded-images/2020-08/176c22c0-d8e3-11ea-9f4f-2563a6d68fbe 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 Continue reading Uber rides take COVID-19 hit but food-delivery business doubles (https://www.autoblog.com/2020/08/07/coronavirus-uber-rides-down-eats-deliveries-up/)
Uber rides take COVID-19 hit but food-delivery business doubles (https://www.autoblog.com/2020/08/07/coronavirus-uber-rides-down-eats-deliveries-up/) originally appeared on Autoblog (https://www.autoblog.com) on Fri, 7 Aug 2020 15:45:00 EDT. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
Permalink (https://www.autoblog.com/2020/08/07/coronavirus-uber-rides-down-eats-deliveries-up/) | Email this (https://www.autoblog.com/forward/2255638/) | Comments (https://www.autoblog.com/2020/08/07/coronavirus-uber-rides-down-eats-deliveries-up/#comments)
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