Tuesday , May 30 2023

Uber reveals losses in K3


Uber's driver reservation platform, which plans to enter the stock market next year, has increased its losses in the third quarter to more than a billion dollars, the company's document said on Wednesday.

Its net deficit in the third quarter amounted to $ 1.068 billion, down from 891 billion in the second quarter. Revenues were $ 2.952 billion, down 5.4% from the previous quarter and 38% compared to the previous year.

Gross provisions, where the amount collected before the payment of the driver, reached $ 12.7 billion, which is 6% more than the second quarter. But for more than a year, this amount has increased by 34%.

Finance Director Nelson Chai said in a statement that "in anticipation of the IPO," Uber is investing in the future growth of its platform, "especially in the food sector, transport of goods, electric bikes and scooters, as well as high-potential markets in India and the Middle East. East. "

Uber also first revealed figures for Uber Eats, home delivery services, which posted a $ 2.1 billion in gross orders in the third quarter, up 150% from the same quarter last year, according to CNBC.

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