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Uber earnings Q4 2020

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Uber Eats delivery

Jonathan Raa | NurPhoto via Getty Images

Uber‘s stock fell slightly after the bell on Wednesday as the company delivered mixed fourth-quarter earnings results.

Here’s how Uber did versus expectations:

  • Loss: 54 cents per share, versus 56 cents expected, according to a consensus of analysts surveyed by Refinitiv.
  • Revenue: $3.17 billion versus $3.58 billion expected per Refinitiv.

Overall, Uber lost $968 million on a GAAP basis during the quarter, an improvement from a year ago when losses amounted to $1.1 billion. For all of 2020, Uber’s net losses amounted to $6.77 billion, around a 20% improvement from a staggering $8.51 billion loss in 2019.

Here’s how Uber’s largest…



Source cnbc.com

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