Uber loses US$1bn in quarter as costs grow for drivers, food delivery

By
Follow google news

Costs rise 35 percent.

Uber loses US$1bn in quarter as costs grow for drivers, food delivery
Uber reported a US$1 billion loss on Thursday as the ride-hailing service spends heavily to build up its food delivery and freight businesses, sending revenues up 20 percent in its first quarterly report as a public company. Revenue of US$3.1 billion matched the high end of the range Uber ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
financefinancial servicessoftwareuber

Sponsored Whitepapers

2026 Engineering Reality Report
2026 Engineering Reality Report
How Kraft Heinz Transformed Planning with AI & 5 M+ Data Sets
How Kraft Heinz Transformed Planning with AI & 5 M+ Data Sets
Defend Your Network from the Next Generation of AI Threats
Defend Your Network from the Next Generation of AI Threats
Optus Enterprise Mobility
Optus Enterprise Mobility
Life After VMware: Scale Securely with mCloud by Micron21
Life After VMware: Scale Securely with mCloud by Micron21

Events

Most Read Articles

Suncorp creates a "clear execution roadmap" for agentic AI

Suncorp creates a "clear execution roadmap" for agentic AI
Westpac Intelligence Layer breaks cover

Westpac Intelligence Layer breaks cover
Westpac finishes replanning its Unite tech transformation

Westpac finishes replanning its Unite tech transformation
NAB elevates technology modernisation leader

NAB elevates technology modernisation leader
techpartner.news logo
Sydney-based AI-cloud waste startup raises $3m
Sydney-based AI-cloud waste startup raises $3m
Brennan uses NiCE to modernise its contact centre
Brennan uses NiCE to modernise its contact centre
Impact Awards: Tecala slashes customer response times for fintech IQumulate
Impact Awards: Tecala slashes customer response times for fintech IQumulate
Interactive introduces private cloud platform
Interactive introduces private cloud platform
Digital61 expands cybersecurity portfolio
Digital61 expands cybersecurity portfolio

Log In

  |  Forgot your password?