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

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

Costs rise 35 percent.

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 ...

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