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American company Uber, the creator of the mobile application of the same name for ordering a taxi and delivering food, recorded a net loss of $1.012 billion in the first quarter, while a year earlier it reported a net profit of $3.748 billion. During the earnings period, the company suffered an operating loss of $1.034 billion, having increased it 2.2 times in a year. Revenues amounted to 3.099 billion dollars, its annual increase was at the level of 20%. The company noted a slowdown in the growth of orders to 34% from 37% a quarter earlier, their volume at the end of the quarter amounted to $14.649 billion. Uber increased spending by 35% to 4,133 billion dollars. During the earnings period, the company increased the number of monthly active users by 23 million to 93 million people. Uber Eats showed adjusted revenues of $239 million, up from $183 million a year earlier.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
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