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Following a loss of $0.26 the previous year, the diluted loss per share was $4.64. In contrast, revenue increased 1.8 times to $31.877 billion.
In the fourth quarter, the parent company's net income was $595 million, a 33% decrease from the prior year. Compared to $0.44 a year earlier, diluted earnings per share were $0.29. Analysts expected $8.51 billion in revenue for the three months, but it increased by a factor of 1.5, to $8.607 billion.
At the conclusion of the quarter, the company’s primary industry, taxis, saw a 1.8-fold increase in revenue to $4.136 billion. Sales for Uber Eats increased 21% year over year to $2.931 billion. During the quarter, there were 131 million monthly active platform users, an 11% year-over-year growth.
source: bloomberg.com
In the fourth quarter, the parent company's net income was $595 million, a 33% decrease from the prior year. Compared to $0.44 a year earlier, diluted earnings per share were $0.29. Analysts expected $8.51 billion in revenue for the three months, but it increased by a factor of 1.5, to $8.607 billion.
At the conclusion of the quarter, the company’s primary industry, taxis, saw a 1.8-fold increase in revenue to $4.136 billion. Sales for Uber Eats increased 21% year over year to $2.931 billion. During the quarter, there were 131 million monthly active platform users, an 11% year-over-year growth.
source: bloomberg.com