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UBER FINANCIAL RESULTS
Groww investors make bank; Mobikwik, Fractal's Q4 profits surgeGroww delivered strong returns to early investors after the IPO lock-in expired. This and more in today's ETtech Top 5.- Uber Q1 revenue rises 14%, slightly misses estimates; forecasts strong Q2 bookingsUber's Q1 revenue rose 14% year-over-year, slightly missing expectations, but the company's shares climbed on a strong forecast. This outlo...
- Mother's Day Special: How AI, apps are empowering women to manage finances, improve health, build careerWomen are learning to keep pace with the ubiquitous apps and AI, shrugging off dependence on their kids for financial transactions, online ...
- Lyft to buy Gett’s UK taxi business, marking its third international acquisitionLyft is expanding its global reach by acquiring the UK business of London black cab app Gett. This move significantly boosts Lyft's driver ...
- Mobility platforms and the new architecture of Indian citiesIndian cities are transforming. Mobility platforms are now essential urban infrastructure, connecting people and goods seamlessly. These pl...
- Nissan to trim global car lineup, boost use of AI driving techNissan is set to simplify its car models globally. The company aims to use artificial intelligence in most of its vehicles. Sales targets a...
- Uber Q3 earnings show strong growth but $479 million legal hit cuts profitUber’s latest earnings showed strong growth in rides and revenue but faced a big legal expense that hurt profits. The company still reporte...
- Uber India logs 41% rise in operating revenue at Rs 3,762 crore; loss narrows 71%Improvement in ride-hailing services and growth in support and service operations helped slash losses from Rs 311 crore to Rs 89 crore. Ove...
- Uber expects strong core profit as ride share, food delivery demand acceleratesUber, which posted its first full-year profit on net basis, is expanding initiatives like memberships, corporate travel and advertising. Co...
- Food delivery startup Bolt’s UK tax tribunal win could be good for UberBolt took on HM Revenue and Customs (HMRC) over whether it was liable to pay a 20% tax charge on its gross income from customers or its mar...
- Uber reports record ridership and second straight quarterly profitThe company had $9.3 billion in revenue in its most recent quarter, lower than Wall Street investors expected but an 11% increase from a ye...
- Microsoft backs Uber cofounder Travis Kalanick’s CloudKitchens: reportTravis Kalanick, who was ousted from Uber in June 2017 after a series of scandals, took over the real-estate company City Storage Systems, ...
- Uber is reducing workforce by 14% and signals more cuts to comeUber instituted a hiring freeze in March, withdrew its financial forecast and wrote down some $2 billion worth of investments in April and ...
- Uber to cut 3,700 jobs, CEO Khosrowshahi to waive base salaryUber and rival Lyft have already withdrawn their full-year financial outlooks as demand for app-based rides dropped sharply across the worl...
- Competition eats into UberEats commission, 4% decrease on-yearUber on Thursday reported that its revenue rose 20% in the quarter ended March 31, 2019, to $3.1 billion, while its losses swelled to $1 bi...
- There’s a lot riding on India, reveals Uber’s IPO filingIndia, where Uber launched operations in 2013, was mentioned 24 times in the S-1 filing with SEC.
- Uber spent $10.7 billion in nine years — here's how that stacks upAn analysis of Uber’s financial position, based on Bloomberg reporting and voluntary disclosures by the privately held company, shows that ...
- Uber's third-quarter net loss widens to $1.46 billion: SourceUber's net loss increased to $1.46 billion in the third quarter from $1.06 billion in the previous quarter, the source said.
- Uber narrows loss to $645 million, boosts revenue in turmoilUber generated $1.75 billion in adjusted net revenue in the second quarter of this year, up 17 percent from the prior quarter. Uber narrowe...
- Uber said to see financial growth, possible Waymo settlementIt was the first presentation to the privately held company’s shareholders since the resignation of Chief Executive Officer Travis Kalanick...
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