Uber’s revenue more than doubled last quarter, a sign that the company’s efforts to trim its losses while continuing to grow are working
Uber Technologies Inc. doubled quarterly revenue, improved its financial performance and saidwas causing more people to drive for the platform to help offset rising household costs.
The ride-hailing company said Tuesday that revenue grew 105% to $8.07 billion for the three months through June. The company also posted adjusted earnings—a figure that excludes some expenses—of $364 million, its strongest ever. Both figures beat Wall Street expectations.
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