More money for drivers increases Uber’s deficit

Do you want to listen further?

Get a Digital Plus subscription and listen on right away.

change subscription

With Digital Plus you can listen to articles. You get access immediately.

San Francisco. The American carpooling service Uber reports progress for both its core business and Uber Eats, but higher payments to drivers also burden earnings.

It shows Uber’s quarterly accounts on Wednesday, writes the news agency Reuters.

The operating loss worsened over the three months by about $ 150 million to $ 509 million.

During the quarter, Uber spent $ 250 million getting more drivers attached, which have been in short supply during the corona pandemic.

However, due to non-recurring revenue, Uber may note a profit after tax of $ 1.1 billion for the quarter.

Revenue for the quarter was $ 3.9 billion above twice as much as in the same quarter last year, when the corona pandemic was at its peak.

At the same time, gross orders ended at $ 21.9 billion.

It was particularly drawn by Uber Eats, which had orders for $ 12.9 billion, while revenue from the original core business, carpooling, landed at $ 8.6 billion.

/ ritzau /

Source: by

*The article has been translated based on the content of by If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!