Uber Technologies Reports Wider Loss for Q1 2024; Revenue Increases by 15%
Wednesday, 8 May 2024, 12:23
Uber Technologies Q1 2024 Highlights:
- Net loss widens to $654 million.
- Revenues increase by 15% to $10.1 billion.
- Driver earnings reach $16.6 billion.
Uber Technologies, Inc. (NYSE: UBER) reported a wider net loss for the first quarter of 2024, with revenues of the ride-sharing giant increasing by 15% compared to the previous year.
Our results this quarter once again demonstrate our ability to deliver consistent, profitable growth at scale. More than 7 million people now choose to earn flexibly on Uber every month, with driver earnings of $16.6 billion continuing to grow faster than our top line, said Dara Khosrowshahi, CEO of Uber.
Prior Performance.
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