Technology
Uber remains trapped in deep red figures
Uber Presents Quarterly Figures Before US Market Opens: Results Could Surprise the Market.
![](https://images.prismic.io/eulerpool/4e2277dd-b70d-4b1c-a693-7a146075300b_Eulerpool-AlleAktien-Uber-BER.jpeg?auto=false)
Uber Posts Unexpected Loss in First Quarter of 2024 Despite Revenue Increase Compared to the Previous Year. The US ride-hailing service reported a loss of $0.32 per share, while analysts had forecasted a profit of $0.22 per share. The loss in the same quarter of the previous year was at $0.08 per share.
The heading translates to English as:
"Revenue increased to $10.13 billion, up from last year's sales of $8.82 billion, and slightly exceeding market expectations of $10.09 billion. Despite the increase in revenue, Uber's shares fell by 6.03 percent to $66.18 in pre-market trading on the NYSE."
These figures show that although Uber is growing in revenue, it faces challenges regarding profitability, which is making investors uncertain and led to a share price decline before the stock market opened.