Uber’s losses top $1 billion, trumping better than expected revenues

Better than expected revenues couldn’t divert investor attention from the fact that Uber still managed to lose more than $1 billion in the most recent quarter as the company’s stock fell in after-hours trading. There are bright spots in the latest earnings report, not least that the company managed to stanch the bleeding that had cost the company over $5 billion in the previous quarter. Revenue grew to $3.8 billion, up from $2.9 billion in the year-ago period, representing a 30% boost.

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