Uber It doesn’t stop growing. this platform Mobility services, which lost up to $2,601 million (approximately 2,538 million euros) in the second quarter of the year, is a serious decline compared to its net profit of $1,144 million (1,116 million euro) in the same period last year. However business It continues to rise which has caused the company’s shares to rise above 15.5%. Wall Street.
Uber’s losses are primarily due to its investments in three mobility companies, Aurora, Grab and Zomato, as well as compensation expenses in shares that resulted in losses of $470 million (458 million euros).
Still, the company is taking a chest. And between April and June, it was business of $8,073 million (€7,878 million), representing a 105% increase over the previous year. As the mobility business increased its turnover by 120%, driven by the return to normalcy on the streets leading to more travel bookings in their vehicles, UberEats home delivery It has grown by 37%. The first part moves a business of 3,553 million euros (3,467 million euros) and the second part of 2,688 million dollars (2.623 million euros). Uber also saw a 33% increase in its gross bookings.
Despite the losses, the good numbers in Uber’s expanding business have cheered investors, who feared worse results due to inflation. Because of this, the company’s shares soared on the stock market, taking the company to a market capitalization of 54,180 million euros. “The platform is bigger than ever, the number of consumers and employees using Uber is now at an all-time high,” its CEO said. Dara Khosrowshahi.
In the first six months of 2022, Uber incurred losses of $8,530 million (€8,324 million) and billed $14,927 million (€14,566 million), 118.5% more than in the first half of 2021. Since going public in 2019, the company has suffered heavy financial losses that they hope to reverse in the coming years.
At the beginning of July, an international journalistic investigation by The Guardian revealed that Uber has spread to cities around the world thanks to an aggressive management strategy that violates national laws, deceives officials and puts pressure on high political, economic and economic circles. media gaining influence