On Tuesday, Uber announced that it recorded a loss of $2.6 billion in the second quarter (2.54 billion euros), but revenues were higher than expected.
The chauffeur-driven car rental and home delivery platform reached $8.1 billion in revenue, well above market forecasts.
On Wall Street, Uber shares rose about 12% to $27.58 in pre-opening electronic transactions on the New York Stock Exchange.
“We continue to benefit from increased demand for transportation and merchandise, as well as from the shift from in-store spending to service spending,” Uber CEO Dara Khosrowshahi said in a statement.
“We intend to continue to use these favorable factors for our growth,” he added.
The group’s quarterly revenue more than doubled year-over-year, in part due to a change in the calculation of UK mobility revenue, the company said.
Car travel increased 120% to $3.6 billion, while food delivery (Uber Eats) grew 37% to $2.7 billion.
Uber also made $1.8 billion in trucking.
Despite this result, the California group continued to lose money between April and June.
Uber attributes losses mainly to its stake in companies with uncertain financial situations, such as Singapore’s VTC Grab platform, US startup Aurora or India’s Zomato.
Author: Lusa
Source: CM Jornal
