Uber just reported Q2 results, including revenue that beat analysts’ expectations but declined by about 29% from $3.17 billion during the same period last year.
Uber reported second quarter results including revenue that beat analysts' expectations but declined by 29% to $2.18 billion from $3.17 billion during the same period last year.
Weighed down by the Covid-19 pandemic, which has kept people home, bookings in the company's core ride-sharing business were down 73% from last year. The company was able to narrow its net losses to $1.8 billion, a major improvement from last year when stock-based compensation contributed to a net loss of $5.24 billion.
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