Tuesday, August 2, 2022

Uber reports Q2 revenue rose 105% YoY to $8.1B, above $7.39B estimates, and a $2.6B net loss; mobility gross bookings rose 57% YoY to $13.4B; stock jumps 10%+ (Sofia Pitt/CNBC)

Sofia Pitt / CNBC:
Uber reports Q2 revenue rose 105% YoY to $8.1B, above $7.39B estimates, and a $2.6B net loss; mobility gross bookings rose 57% YoY to $13.4B; stock jumps 10%+  —  - Uber reported a net loss of $2.6 billion for the second quarter, $1.7 billion of which was attributed to investments and a revaluation of stakes in Aurora, Grab and Zomato.



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