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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
Continue reading Uber rides take COVID-19 hit but food-delivery business doubles
Uber rides take COVID-19 hit but food-delivery business doubles originally appeared on
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Uber rides take COVID-19 hit but food-delivery business doubles
