uber says growth strong as it gives a peek at earnings
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

To overhaul company culture at the scandal

Uber says growth strong as it gives a peek at earnings

Arab Today, arab today

Arab Today, arab today Uber says growth strong as it gives a peek at earnings

San Francisco-based Uber confirmed that its bookings more than doubled last year to $20 billion
San Francisco - Arab Today

Uber on Friday provided a glimpse at its earnings, saying it is growing strong while working to overhaul company culture at the scandal-dented on-demand ride service.

"We're fortunate to have a healthy and growing business, giving us the room to make the changes we know are needed on management and accountability, our culture and organization, and our relationship with drivers," Uber's North America regional general manager Rachel Holt said in an email statement to AFP.

The San Francisco-based company confirmed that its bookings more than doubled last year to $20 billion, with net revenue totaling $6.5 billion and an adjusted net loss of $2.8 billion not counting China operations that it sold.

The privately-held firm is valued at about $68 billion, making it one of the largest "unicorns" in the tech world. 

It's not required to disclose earnings information the way publicly traded companies must.

Uber is in the process of hiring a second-in-command for chief Travis Kalanick, who remains in the driver's seat as the company tries to plot a friendlier course with workers, riders and drivers.

Uber has been rocked by disclosures about a culture of sexism, cut-throat workplace tactics and covert use of law enforcement-evading software.

Kalanick, known for taking a hard line in battles with regulators and taxi operators, has been humbled by recent events which included the release of a dashcam video showing him berating and cursing at one of Uber's drivers.

Kalanick also made a hasty exit from a business advisory panel for US President Donald Trump after a consumer boycott campaign fueled by concerns that he was aiding a leader with regressive values.

Uber's workforce doubled last year and is on a similarly hot pace for growth this year, according to executives.

While Uber did not disclose earnings for the first quarter of this year, the company said they were in line with expectations.

Despite a #DeleteUber campaign that got traction on social media as the firm grappled with controversies, growth is accelerating, with new riders joining and existing users taking more trips, executives said on a recent conference call with journalists.

source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

uber says growth strong as it gives a peek at earnings uber says growth strong as it gives a peek at earnings

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

uber says growth strong as it gives a peek at earnings uber says growth strong as it gives a peek at earnings

 



GMT 09:54 2017 Monday ,13 November

Hany Ramzy prepares for new film

GMT 02:13 2017 Thursday ,31 August

RI tourism ready to compete in ASEAN community

GMT 11:38 2017 Tuesday ,14 November

Arab media development is lost in translation

GMT 07:56 2017 Tuesday ,19 December

Fatah’s leader rebukes Trump’s decision

GMT 11:26 2017 Wednesday ,26 April

Settlers uproot 300 olive trees, Ramallah

GMT 05:34 2017 Sunday ,22 October

Hamilton overshadows Vettel in final practice

GMT 16:49 2017 Tuesday ,28 March

Settlements undermine 2-state solution

GMT 05:10 2017 Monday ,02 October

A380 superjumbo makes emergency landing in Canada

GMT 07:27 2017 Sunday ,12 November

Oman receives OMR8b foreign direct investment

GMT 17:09 2017 Saturday ,05 August

Justin tells fans of "insecurities" after cancelling

GMT 02:14 2017 Sunday ,22 October

January21st-February19th
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday