Business for Uber is slowly picking up speed again, but investors are still not very enthusiastic about the numbers from the second quarter.
At taxi competitor Uber, business is getting going again after the slump in the corona pandemic.
In the second quarter, the company doubled sales compared to the same period last year to 3.9 billion dollars (3.3 billion euros), as it announced after the US market closed. Both the main driver service brokerage business – which was largely paralyzed by the pandemic a year ago – and the delivery division around the food delivery service Uber Eats posted strong growth.
Uber also achieved a quarterly profit of $ 1.1 billion, but this was only due to positive balance sheet effects from investments in Chinese rival Didi and the robot car company Aurora. Adjusted earnings before interest, taxes, depreciation and amortization were, however, still more than half a billion dollars in the red and were worse than most analysts expected. That did not go down well on Wall Street: Investors initially let Uber’s shares fall by more than six percent after the hours of trading.
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
