The company beat estimates to report a revenue of $5.8bn for the fourth quarter as Uber Eats posted an adjusted profit of $25m
Uber’s food delivery service Uber Eats has turned profitable for the first time, the company said Wednesday, in an earnings report that revealed it may be bouncing back after a rough run during lockdown.
Shares rose 6.8% in after-hours trading after the company’s report showed $5.8bn in revenue for the fourth quarter of 2021, beating estimates of $5.36bn. It said demand for its ride-hailing service was again approaching pre-pandemic levels.
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The company beat estimates to report a revenue of $5.8bn for the fourth quarter as Uber Eats posted an adjusted profit of $25m
Uber’s food delivery service Uber Eats has turned profitable for the first time, the company said Wednesday, in an earnings report that revealed it may be bouncing back after a rough run during lockdown.
Shares rose 6.8% in after-hours trading after the company’s report showed $5.8bn in revenue for the fourth quarter of 2021, beating estimates of $5.36bn. It said demand for its ride-hailing service was again approaching pre-pandemic levels. Continue reading…Technology | The Guardian