Uber loss tops $1B in first quar­ter

The News-Times - - BUSINESS -

Ride-hail­ing provider Uber Tech­nolo­gies saw a 34 per­cent in­crease in book­ings in the first quar­ter of this year, its first as a pub­licly traded com­pany, with rev­enue up 20 per­cent to $3.1 bil­lion. San Fran­cisco-based Uber lost $1 bil­lion dur­ing the quar­ter af­ter record­ing a $3.7 bil­lion profit a year ear­lier, with last year’s first quar­ter hav­ing in­cluded gains from the sale of op­er­a­tions in the Pa­cific Rim and Rus­sia.

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