INSUBCONTINENT EXCLUSIVE:
the company managed to stanch the bleeding that had cost the company over $5 billion in the previous quarter.Revenue grew to $3.8 billion,
up from $2.9 billion in the year-ago period, representing a 30% boost
Revenue growth and take rates in our Eats business also accelerated nicely
million from $189 million in the year-ago period
losses for the quarter were stock-based compensation expenses, which added another $401 million to the tallies against the company.Given
investors who bought into the company before its public offering may look to sell.That said, Uber has taken a number of steps to correct its
course and put the company on a path to profitability, which Khosrowshahi says should happen in the next two years.In October, the company
announced the last of three rounds of sweeping layoffs at the company that saw 1,185 staffers lose their jobs
the big operational challenges it had set for itself through the reorganization that the company has announced
platform.The launch of this new platform, coupled with a slew of announcements from the company in September, show that Uber may have dialed
back on its ambitions, but not by much
