Delivery service, Uber Eats has doubled, and taxi services are still under attack COVID-19Сергей Dragun | 07.08.2020
The company said that despite the difficulties, she plans to become profitable before the end of 2021.
This should help tough action to reduce spending in the second quarter, Uber has received a loss of $837 million before tax.
The company’s shares fell by 2.9%. The trip, which constituted almost two thirds of the revenue of Uber, increased by 5% compared to the April low. However, the number of the taxi remained at 75% below
last year’s level.
The company posted a net loss of $ 1.8 billion USD in the period from April to June, including the costs of dismissal for 23% of the personnel worldwide. The number of active users of the platform
in 69 countries, the presence of Uber, declined by half — from 99 million to 55 million.
Uber’s revenue in the second quarter fell 29% to $2.24 billion compared to the previous year. But the Uber Eats revenues doubled to $ 1.2 billion. This increase is caused by the increase in demand for
shipping Americans stay home because of the epidemic. Last month, Uber has expanded the scope of the delivery, announcing the acquisition of Postmates Inc. for 2.65 billion dollars. The company’s revenues in the United States and
Canada have declined by 1.25 billion dollars.
CFO of Uber Nelson Tea said that the company expects losses in the third quarter will be approximately the same. He also said that the business will be profitable Uber Eats in the vast
most of the countries.
In recent months, Uber shut the service Eats eight small markets, including in Eastern Europe and the middle East. Uber Eats is gaining momentum in the suburbs of the United States, including in new York, where
the delivery service is a market leader, the company said.
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