Reviews: Uber announces a heavy loss in the 2nd quarter, but its turnover remains better than expected

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Un bureau Uber à Redondo Beach, en Californie, aux États-Unis, le 16 mars 2022. Photo d’illustration. © Mike Blake / Reuters A Uber office in Redondo Beach, California, the United States, March 16, 2022. Photo D 'drawing.

If the giant Uber accused a net loss of $ 2.6 billion in the second quarter, the company can console itself to have generated a much better than expected turnover.

Uber announced Tuesday August 2 of a net loss of $ 2.6 billion in the second quarter, but its turnover, which established $ 8.1 billion, climbed and exceeds largely market forecasts.

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growth doped by car services

to Wall Street, the action of the giant of car rentals with drivers and delivery of meals At home flew from more than 12 %, to 27.58 dollars, in the electronic exchanges preceding the opening of the stock market.

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"We continue to benefit from the increase in demand for the transport of people and objects as well as the transition of a model of expenditure in store to a model of expenditure for services" , declared the boss of 'Uber, Dara Khosrowshahi, in a press release.

"We intend to continue to take advantage of these factors favorable to our growth," he added.

The group's quarterly revenues, which more than doubled compared to last year, were partly doped by a change in the calculation of racing revenues in the United Kingdom, the company said.

The turnover linked to car journeys increased by 120 %, to $ 3.6 billion, and the one linked to meal deliveries (Uber EATs) rose by $ 2.7 billion.

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The company loses money in the 2nd quarter

Uber also achieved $ 1.8 billion in revenues thanks the transport of goods.

The company also displayed a positive cash flow for the first time ($ 382 million).

This measure is closely followed by the market, because it gives indications on the ability of a company to make new investments.

The Californian group, however, continued to lose money between April and June.

Uber attributes this loss mainly to its participation in several companies in Chanceling Financial Health, including the Singaporean VTC GRAB platform, the American start-up of autonomous vehicles Aurora and the Indian Aggregator of Zomato restaurants.

Uber eats Fight against fraud and disconnects 2,500 accounts of deliverers .
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