Page 10 - Eric Haggstrom News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Uber Posts Big Loss As Pandemic Clobbers Ridesharing, Despite Delivery Offset 02/10/21 AT 9:16 PM Uber on Wednesday reported another hefty loss in the final three months of 2020, though the company's food delivery operations partly offset the hit taken from the decline in ridesharing during the pandemic. Thanks to that offset, the loss of $968 million was narrowed slightly from $1.1 billion in the same period a year earlier, according to Uber. Revenue in the quarter was $3.2 billion, a 16-percent decrease from the same period a year earlier. "While 2020 certainly tested our resilience, it als...

SHARE Shares in Uber Technologies Inc. dropped in after-hours trading today after the ride-hailing giant missed analysts’ predictions for its fourth-quarter earnings. For the quarter ended Dec. 31, Uber reported gross bookings of $17.2 billion, down 5% year-over-year on revenue of $3.17 billion. Analysts had predicted a figure of $3.58 billion. Uber booked a loss of $968 million in the quarter or 54 cents per share, an improvement over a loss of $1.1 billion or 64 cents per share in the fourth quarter of 2019. The story of Uber in 2020 amid the COVID-19 pandemic has been its shift from prim...

Uber posts big loss as pandemic clobbers ridesharing, despite delivery offset 261 SAN FRANCISCO, Feb 11, 2021 (BSS/AFP) – Uber on Wednesday reported another hefty loss in the final three months of 2020, though the company’s food delivery operations partly offset the hit taken from the decline in ridesharing during the pandemic. Thanks to that offset, the loss of $968 million was narrowed slightly from $1.1 billion in the same period a year earlier, according to Uber. Revenue in the quarter was $3.2 billion, a 16-percent decrease from the same period a year earlier. “While 2020 certainly...

4 Min Read (Reuters) - Walt Disney Co swung to a surprise quarterly profit on Thursday, as “The Mandalorian” and “Soul” lifted its fast-growing streaming business, outweighing pandemic worries about its hobbled theme park operations. Slideshow ( 4 images ) Investors overlooked a 53% decline in park revenue in the quarter and welcomed Disney+ streaming reaching 94.9 million subscribers. Shares rose 3.1% to $194 after they closed at an all-time high in regular trade. The “Star Wars”-inspired “Mandalorian” series and Pixar’s animated “Soul” movie helped position the year-ol...

Netflix forecasts an end to borrowing binge, shares surge Toggle share menu Advertisement Netflix forecasts an end to borrowing binge, shares surge Netflix Inc beat Wall Street estimates for holiday quarter paid subscriber additions on Tuesday, as its originals like "Bridgerton" and "The Queen's Gambit" helped attract more viewers sheltering at home due to fresh COVID-19 restrictions. FILE PHOTO: The Netflix logo is seen on the company's office in Hollywood, Los Angeles, California, U.S. July 16, 2018. REUTERS/Lucy Nicholson/File Photo 20 Jan 20...