Uber reported Q1 earnings yesterday, reporting $3B of revenue (missing analyst expectations) and a net loss of $108M (beating analyst expectations). The company saw a 38% decline in mobility bookings (e.g. ride-sharing), but a 166% increase in delivery bookings (now the company’s largest unit).
Extra: Here’s the full release.
The New Paper
This story is from the May 6, 2021 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.
