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Friday, August 7, 2020

Uber rides take COVID-19 hit but food-delivery business doubles
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Uber rides take COVID-19 hit but food-delivery business doubles

  • The company said that despite those larger challenges it is sticking to its goal of being profitable on an adjusted basis before the end of 2021 thanks to stringent cost-cutting measures and a strong balance sheet. Uber recorded an adjusted loss in earnings before interest, taxes, depreciation and amortization of $837 million in the second quarter.
Published 07 Aug, 2020 10:27am
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