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Connected Mobility

Uber Loses $2.6 Billion in Q2, 2022, Despite Higher Revenue, and Faces Delivery Decline



Report Summary:

Uber reported a fourth strong consecutive quarter, with revenue and gross bookings at an all-time high. This is despite once again contending with around $1.7 billion in losses on investments, preventing Uber from achieving net income profitability. While its dip in delivery bookings was small, it may be a bellwether as the pandemic fades. This Insight breaks down Uber’s earnings and plans related to its Q2 2022 report.

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