San Francisco-based Uber has never turned an adjusted quarterly profit and is unlikely to do so this year. Photo: AP San Francisco-based Uber has never turned an adjusted quarterly profit and is unlikely to do so this year. Photo: AP
San Francisco-based Uber has never turned an adjusted quarterly profit and is unlikely to do so this year. Photo: AP

Uber, posting first-ever quarterly decline in rides amid coronavirus pandemic, says worst is over

  • Uber is expects to turn an adjusted quarterly profit next year, CEO Dara Khosrowshahi says
  • The ride-hailing business was down about 80 per cent in April, but Khosrowshahi says sales are increasing

Topic |   Uber
San Francisco-based Uber has never turned an adjusted quarterly profit and is unlikely to do so this year. Photo: AP San Francisco-based Uber has never turned an adjusted quarterly profit and is unlikely to do so this year. Photo: AP
San Francisco-based Uber has never turned an adjusted quarterly profit and is unlikely to do so this year. Photo: AP
READ FULL ARTICLE