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ride-sharing

  • Uber reports better-than-expected results as food delivery drives growth

    Retail

    Uber reported stronger-than-expected second quarter results on expansion in its core business and increased orders for food and trips via membership subscribers. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) at the NYSE-listed company grew by 71 per cent year-on-year to $1.6bn (£1.3bn) in the quarter ended June 30. Monthly active consumers of Uber [...]

    Shares in Uber tumbled more than five per cent in pre-market trading as earnings missed analyst expectations.

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