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

By

Uber Eats bites into profitability.

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

Most Read Articles

nib develops Cortex-powered AI to streamline data migration

nib develops Cortex-powered AI to streamline data migration

ANZ's group executive of technology Gerard Florian to retire

ANZ's group executive of technology Gerard Florian to retire

How NAB unwound Teradata's 'tentacles' to decommission it

How NAB unwound Teradata's 'tentacles' to decommission it

ANZ consolidates operational risk into ServiceNow

ANZ consolidates operational risk into ServiceNow

Log In

  |  Forgot your password?