Company News: Uber (UBER) posts mixed quarterly results

Market news

8 May 2020

Company News: Uber (UBER) posts mixed quarterly results

Uber (UBER) reported Q1 FY 2020 loss of $1.70 per share (versus -$2.26 per share in Q1 FY 2019), worse than analysts' consensus estimate of -$0.90 per share.

The company's quarterly revenues amounted to $3.534 bln (+14.0% y/y), beating analysts' consensus estimate of $3.350 bln.

Uber's gross bookings grew by 10% y/y on a constant currency basis to $15.8 bln in Q1, with Rides declining 3% y/y and Eats climbing 54% y/y.

UBER rose to $33.18 (+7.27%) in pre-market trading.

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