Uber sees profit by end of 2020, but still expects billion-dollar full-year loss

By on
Uber sees profit by end of 2020, but still expects billion-dollar full-year loss

Uber Eats bites into profitability.

Uber Technologies on Thursday moved forward by a year its target to achieve a measure of profitability to the fourth quarter of 2020, but the ride-hailing company still expects to lose a total of more than US$1 billion (A$1.49 billion) this year. Uber shares were up 5 percent in after-hours ...

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:
finance uber

Most Read Articles

Woolworths pays record $1m fine for spamming customers

Woolworths pays record $1m fine for spamming customers
Telstra gets two more years to upgrade or sell its residential fibre networks

Telstra gets two more years to upgrade or sell its residential fibre networks
Critical F5 BIG-IP vulnerability made public

Critical F5 BIG-IP vulnerability made public
CBA hit by nine-hour online banking, payments outage

CBA hit by nine-hour online banking, payments outage
You must be a registered member of iTnews to post a comment.
| Register

Whitepapers from our sponsors

Get IT, finance and business on the same page
Get IT, finance and business on the same page
Why is DevSecOps important to your business?
Why is DevSecOps important to your business?
Architecting Hybrid IT & Edge for Digital Advantage
Architecting Hybrid IT & Edge for Digital Advantage
Organizations Increasing Their Adoption of NFV
Organizations Increasing Their Adoption of NFV
Modernise IT by Reducing Your Reliance on AD
Modernise IT by Reducing Your Reliance on AD

Events

Log In

Username / Email:
Password:
  |  Forgot your password?