Uber Doubles Sales! Investors Still Disappointed!
At taxi competitor Uber, things are starting up again after the decline in the corona pandemic.
In the second quarter, the company doubled its sales from the same period last year to $3.9 billion (3.3 billion euros), as the company announced Wednesday after the US market closed.
Uber also made a quarterly profit of $1.1 billion only due to the positive balance sheet effects of its investments in Chinese rival DiDi and robot car company Aurora. Adjusted earnings before interest, taxes, depreciation, and amortization were still more than half a billion dollars, and therefore worse than most analysts expected. That didn't go well on Wall Street: Uber shares are sometimes 4.09 percent higher at $43.67 in US trading on the NYSE.