By: City AM
August 06, 2020
Uber said demand for its food-delivery service doubled in the second quarter as users were locked down due to the pandemic, while demand for rides was hit.
The company maintained it was sticking to its goal of being profitable on an adjusted basis before the end of next year. Today it reported that revenue in the second quarter fell 29 per cent to $2.24bn, beating analysts’ estimates of $2.18bn.