Hold Uber responsible: Uber losses narrow as delivery growth outpaces fall in ride-sharing

From CNBC:

Ubers stock fell slightly after the bell on Wednesday as the company delivered mixed fourth-quarter earnings results.

Here’s how Uber did versus expectations:

Overall, Uber lost $968 million on a GAAP basis during the quarter, an improvement from a year ago when losses amounted to $1.1 billion. For all of 2020, Uber’s net losses amounted to $6.77 billion, around a 20% improvement from a staggering $8.51 billion loss in 2019.

Here’s how Uber’s largest business segments performed in the fourth quarter of 2020:

Continue reading Uber losses narrow as delivery growth outpaces fall in ride-sharing on CNBC

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