Uber expands food delivery further, sees ride demand pick up

Uber reported a loss on an adjusted basis before interest, taxes, depreciation and amortization of US$454 million, significantly narrower than analysts' average expectations for a $514 million loss, according to Refinitiv data.

NEW YORK: Uber Technologies Inc on Wednesday said revenue at its ride-hail and delivery businesses increased on a quarterly basis and said it was well on track to achieve its target for an adjusted profit by year-end.

Uber reported a loss on an adjusted basis before interest, taxes, depreciation and amortization of US$454 million, significantly narrower than analysts' average expectations for a $514 million loss, according to Refinitiv data.