Friday, 24 March, 2023
Uber sees upwards of 80% growth in year-on revenue in Q4 2021
<p>Uber in its fourth-quarter financial performance report said that the company saw gross platform spend of about $26B which is an increase of about 51% YoY. The fourth-quarter revenue itself was 80% higher as compared to Q4 2020 at $5.78B. While Uber still remains in loss of about $550M, it is easily offset by $1.5B in other income. Uber predicts gross bookings of "$25B to $26 B" and adjusted EBITDA of "$100 million to $130 million" in the first quarter of 2022.</p>
Read full story at Tech Crunch
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