More rides, less loss Uber

More rides, less loss Uber

Tech August 23, 2017 23:24

san francisco - Uber has a good quarter behind. The taxi app saw sales increase and managed to reduce the loss.

The months of April, May and June were overshadowed by scandal after scandal, which ended in the departure of Chairman and founder Travis Kalanick.

Uber has released quarterly figures via Axios news site. The company is not listed on the stock exchange and therefore does not need to share any financial information.

The figures show that Uber scored a $ 1.75 billion (1.48 billion) revenue in the second quarter of the year. That's more than twice as much as in the same quarter last year. The loss was $ 645 million (546 million), 14 percent less than a year ago. At the end of the quarter, the company had $ 6.6 billion (5.6 billion) in cash. The number of rides was 150 percent higher than a year ago.

Uber tries to survive and seeks a new topman. The app has largely withdrawn from markets like China and Russia. To accommodate drivers, customers can now give a quick tip through the app. According to Uber, drivers have earned $ 50 million so far.

Leave a comment

The is not responsible for the content of external sites.


Back to Top