Uber records USD 3.1 billion revenue in Q1 2019

Last Updated: Tue, Jun 11, 2019 15:06 hrs
Uber Taxi (Reuters image)

USA: After going public earlier this month, Uber has announced its financial results for Q1, 2019, recording higher revenue.

Uber earned USD 3.1 billion in revenue for Q1, 2019, a 20 per cent increase from the same period last year. However, as Engadget reports, the ride-sharing company's losses were also significant at USD 1.1 billion.

The company's food delivery service, Uber Eats, registered growth by generating over USD 536 million, an 89 per cent year-over-year increase.