American company Uber, the creator of the mobile application of the same name for ordering a taxi and delivering food, recorded a net loss of $1.012 billion in the first quarter, while a year earlier it reported a net profit of $3.748 billion. During the earnings period, the company suffered an operating loss of $1.034 billion, having increased it 2.2 times in a year. Revenues amounted to 3.099 billion dollars, its annual increase was at the level of 20%. The company noted a slowdown in the growth of orders to 34% from 37% a quarter earlier, their volume at the end of the quarter amounted to $14.649 billion. Uber increased spending by 35% to 4,133 billion dollars. During the earnings period, the company increased the number of monthly active users by 23 million to 93 million people. Uber Eats showed adjusted revenues of $239 million, up from $183 million a year earlier.
Alibaba extends help to firms hit by coronavirus spread, offers $2.86 billion in loans17.02.2020
Japan's economy falls in fourth quarter, recession risks grow07.02.2020
Uber expects gains at latter part of 2020 but braces for year of decline04.02.2020
Australia bids for second flight from Wuhan as first batch of evacuees move to Christmas Island