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Despite growth in delivery, Uber continues to block cash during the pandemic
During the coronavirus pandemic, Uber still bleeds cash. Over the last three months, the company's chronically unprofitable revenue lost $1,8 billion, down 29% from Q2 in 2013. Even Uber has not managed to support the company 's finances through its successful delivery business, where sales have grown 162 percent year-on-year.
Brutal reservations in its ride-hailing business dropped to 10.2 billion dollars annually 35% over the year. This was mainly in its mobility division, which dropped by 73% annually. Meanwhile, gross reservations in its Uber Eats supply company grew by 113% a year, as a result of the increased demand for food supply.
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