Uber sees ride bookings recovering slowly, pins hopes on food delivery demand


Uber Technologies Inc’s ride service bookings slowly recovered in recent weeks as the company expects a coronavirus-related slowdown will delay the goal of becoming profitable by a matter of quarters, not years, Chief Executive Dara Khosrowshahi said on Thursday.

He spoke after Uber reported it had seen encouraging signs in markets hit by the pandemic and posted a 14 per cent rise in revenue for the first quarter, supported by a jump in food-delivery orders at its Uber Eats business.





Like it? Share with your friends!

What's Your Reaction?

Angry Angry
0
Angry
Confused Confused
0
Confused
Buffoon Buffoon
0
Buffoon
Cry Cry
0
Cry
Cute Cute
0
Cute
WOW WOW
0
WOW
Dislike Dislike
0
Dislike
Fail Fail
0
Fail
Geek Geek
0
Geek
Like Like
0
Like
Source link

Send this to a friend