Uber reduces losses on food delivery expansion, modest uptick in ride bookings


FILE PHOTO: An Uber pick-up location is pictured in San Diego, California, California, September 30. 2019. REUTERS/Mike Blake/File Photo

NEW YORK (Reuters) - Uber Technologies Inc on Wednesday posted a narrower loss as its ride-hail and delivery businesses rebounded slightly from pandemic lows, and the company said it was well on track to reach its goal of achieving an adjusted profit by year-end.

Uber said customers in cities' outer boroughs and suburbs had returned to its rides platform during the quarter.

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