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

NBN Co sees 250Mbps take-up rise after price cut

NBN Co sees 250Mbps take-up rise after price cut
ANZ and CBA push for consolidation of EFTPOS, BPAY and NPP

ANZ and CBA push for consolidation of EFTPOS, BPAY and NPP
Aussie Broadband lets customers 'kick' own connection

Aussie Broadband lets customers 'kick' own connection
Broadband tax bill gets senate committee green light

Broadband tax bill gets senate committee green light
You must be a registered member of iTnews to post a comment.
| Register

Whitepapers from our sponsors

Driving business innovation through private cloud solutions
Driving business innovation through private cloud solutions
Future proofing your datacentre with hyperconverged infrastructure
Future proofing your datacentre with hyperconverged infrastructure
The Network for the Digital Business Starts with the Secure Access Service Edge (SASE)
The Network for the Digital Business Starts with the Secure Access Service Edge (SASE)
Are you getting profitable outcomes from your IT?
Are you getting profitable outcomes from your IT?
Your Microsoft Security journey starts here
Your Microsoft Security journey starts here

Events

Log In

Username / Email:
Password:
  |  Forgot your password?