Uber records USD 3.1 billion revenue in Q1 2019

San Francisco: After going public earlier this month, Uber has announced its financial results for Q1, 2019, recording higher revenue.

Uber earned USD 3.1 billion in revenue for Q1, 2019, a 20 percent increase from the same period last year.

However, as Engadget reports, the ride-sharing company’s losses were also significant at USD 1.1 billion.

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The company’s food delivery service, Uber Eats, registered growth by generating over USD 536 million, an 89 percent year-over-year increase.


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