Uber posts big loss as pandemic clobbers ridesharing, despite delivery offset
World BusinessFeb 11, 2021
Uber on Wednesday reported another hefty loss in the final three months of 2020, though the company's food delivery operations partly offset the hit taken from the decline in ridesharing during the pandemic. Thanks to that offset, the loss of $968 million was narrowed slightly from $1.1 billion in the same period a year earlier, according to Uber. Revenue in the quarter was $3.2 billion, a 16-percent decrease from the same period a year earlier. "While 2020 certainly tested our resili