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Uber sees rides recovering from Covid-19 lows, banks on food-delivery biz

Uber reported it had seen encouraging signs in markets hit by the pandemic and posted a 14% rise in revenue for the first quarter, supported by a jump in food-delivery orders at its Uber Eats business

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Uber | UberEats | Lockdown

Reuters 

. Uber Technologies Inc's ride service bookings slowly recovered in recent weeks as the company expects a coronavirus-related slowdown will delay the goal of becoming profitable by a matter of quarters, not years, Chief Executive Dara Khosrowshahi said on Thursday. . He spoke after Uber reported it had seen encouraging signs in markets hit by the pandemic and posted a 14% rise in revenue for the first quarter, supported by a jump in food-delivery orders at its Uber Eats business. . Khosrowshahi said stringent cost cutting, to the tune of more than $1 billion (808 million ...

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First Published: Fri, May 08 2020. 08:00 IST
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