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uber/lyft

Uber Reports 18% Drop in Revenue for Q3

By
Martin Peers
· · Source: The Information

Uber reported an 18% drop in revenue for the third quarter, while its net loss shrank slightly to just below $1.1 billion. The results showed that Uber’s ride-hailing business improved a little from the devastation of the second quarter, while its food delivery operation grew faster. Uber said mobility “gross bookings” fell 53%, compared with the 73% drop recorded in the second quarter. The...

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