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SAN FRANCISCO – Uber Technologies Inc. said on Wednesday that the growth in reserves for its transport and shipping services had risen 6% over the last three months. The third quarter followed a one-digit expansion after the double-digit growth it maintained. during 2017.
The San Francisco-based company posted a loss of $ 1.07 billion for the period ended September 30. This represents an increase of 20% over the previous quarter, but a 27% decrease over the same period last year, when the company recorded its largest quarterly loss after the co-founder left. former CEO, Travis Kalanick.
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Uber wants to expand into freight transport, food delivery and the rental of electric bicycles and skateboards due to the weakness of its traditional business. The company, valued at $ 76,000 million, faces pressure to show that it can continue to grow sufficiently to be profitable.
The company reported its loss before interest, taxes, depreciation and amortization was $ 592 million, compared to a deficit of $ 614 million in the previous quarter and a decrease of $ 1.02 billion in the same period last year. last year.
"We have had another strong quarter for a company of our size and global reach," said Nelson Chai, Uber's Chief Financial Officer. The executive emphasized with particular attention "the high-potential markets in India and the Middle East where we continue to strengthen our leadership position".
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Uber gross reserves amounted to $ 12,700 million, up 6% from the previous quarter and 41% from the previous year.
Revenues for the quarter amounted to $ 2,950 million, an increase of 5% over the previous three months and a 38% jump from one year to the other.
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