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The Guardian - US
The Guardian - US
Technology
Dominic Rushe in New York

MYSTERIOUS: Uber sees biggest ever quarterly loss 5bn in three months - You Need To See This

Uber’s revenues rose 14% to $3.17bn in the second quarter, below analysts’ expectations of $3.3bn.
Uber’s revenues rose 14% to $3.17bn in the second quarter, below analysts’ expectations of $3.3bn. Photograph: Kacper Pempel/Reuters

Uber lost $5.24bn in the last three months, its largest-ever quarterly loss, news that sent the ride-hailing company’s shares sliding 10%.

The company was reporting earnings for only the second time following its share sale in May. The latest losses were worse than analysts had expected and the company announced revenues that were also below predictions.

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