Saturday , May 28 2022

Cattle losses continue to increase


Uber Technologies said Wednesday had expanded its losses in the third quarter, and the number of races performed by its drivers and 6% class men increased, confirming the slowdown in growth seen since the beginning & # 39; a year.

The US group lost 1.07 billion dollars (946 million euros) over the period July-September, 20% more than in the second quarter but 27% less than in the corresponding period last year; the death of the third quarter of 2017 by the worst result in his history after the departure of his co-founder and former managing director of Travis Kalanick.

Quarterly loss to adjust before financial, tax, depreciation and amortization costs amounted to a total of $ 592 million, compared to $ 614 million in April-June and $ 1.02 billion in the third quarter of 2017.

Chief Financial Officer Nelson Chai, who has been in post since September after three years of vacancy, spoke "a strong new quarter".

Gross orders were $ 12.7 billion in the third quarter, an increase of 6% over a quarter and 41% year on year.

Their quarterly growth was close to 30% by the end of 2016 and remained more than 10% in each of the four quarters of 2017.

The revenue of $ 2.95 billion increased by 5% over the second quarter and 38% year on year. On April-June, its annual growth was 63%.

Since the general control of Dara Khosrowshahi has just over a year ago, Uber has withdrawn from several overseas markets where it has suffered heavy losses and some expensive activities, such as automatic trucks.

At the same time, the Japanese conglomera SoftBank completed a share of 15% in January, to the conclusion under agreement to launch an IPO system by Uber by 30 September 2019.

A US company could promote this marketing in the first half of next year in the hope of taking advantage of better market conditions and ahead of its large American competitor, Leaf, according to sources close to the case.

Uber Eats, a subsidiary providing meals, reported $ 2.1 billion in the third quarter, up to 150% year on year.

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