Uber reveals first-quarter losses of $2.9 billion as the coronavirus pandemic cripples ride-hailing
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.
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