Uber's not out of the woods yet [Verge, The]
Uber Technologies, Inc. (UBER)
Last uber technologies, inc. earnings: 2/6 04:05 pm
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Source: Verge, The
Share this story In 2023, Uber achieved an important milestone, earning more money than it spent for a full year for the first time . It was widely seen as a sign that the perennially cash-strapped business was finally on a more sustainable path. Today, there are signs that the journey may be longer than we thought. The ridehailing and delivery company reported a surprise net loss of $654 million for the first quarter of the year, as legal settlements and equity investments proved to be more of a drag on Uber's business than many expected. The ridehailing and delivery company reported a surprise net loss of $654 million Wall Street analysts had been expecting a profit of $474 million, according to The Wall Street Journal In particular, the company's never-ending legal battles over the classification of its drivers, as well as the waning demand in certain markets, were seen as slowing down Uber's financial momentum. Still, the core aspects of Uber's business appear to be s
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UBER
Earnings
- 5/8/24 - Miss
UBER
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 144
- 5/15/24 - Form 4
- UBER's page on the SEC website