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Uber Applied sciences (UBER) – Get Uber Applied sciences, Inc. Report posted a wider-than-expected first quarter loss Wednesday, however mentioned it would not anticipated rising prices linked to driver retainment to carry again near-term development for bookings or income.
Uber mentioned its adjusted loss for the three months ending in March got here in at $3.04 per share, or $5.9 billion, though most of that was linked to accounting modifications linked to the group’s stakes in China-based experience hailing firm Didi World (DIDI) – Get DiDi World Inc. Report. March quarter revenues, Uber mentioned, rose 136% from final yr to $6.9 billon, nicely forward of the Road consensus forecast of $6.13 billion.