(Reuters) – Uber Technologies Inc’s (UBER.N) ride service bookings rose last week and the company expects a coronavirus-related slowdown will delay the goal of becoming profitable by a matter of quarters, not years, Chief Executive Dara Khosrowshahi said on Thursday.
FILE PHOTO: An Uber Eats food delivery courier closes a bag with an order during a lockdown, imposed to prevent the spread of coronavirus disease (COVID-19), in central Kiev, Ukraine April 2, 2020. REUTERS/Valentyn Ogirenko
He spoke after Uber reported it had seen encouraging signs in markets hit by the pandemic and posted a 14% rise in revenue for the first quarter, supported by its Uber Eats food-delivery business.
Shares of Uber rose 3.8% in after-hours trading. The stock gained 11% during regular trade on stronger-than-expected results by smaller ride-hailing rival Lyft Inc (LYFT.O), which reported first-quarter results on Wednesday.
Silicon Valley-based Uber overall posted a $2.9 billion loss in the first…
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