Uber completed the quarter with a profit for the first time – Kommersant
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Uber Technologies completed second quarter of the year with a net income of $394 million and an operating income of $326 million. This is the first time in the history of the taxi service that he managed to turn a profit.
The results shown came as a surprise to analysts, who had forecast Uber to end the quarter with a net loss of $49.2 million.
Uber’s order volume was up 16% year-over-year to $33.6 billion. And the company’s revenue was $9.23 billion, up 14% year-over-year. True, it was not taxi orders and food delivery that helped the service become profitable, but the company’s successful capital investments in shares of other companies. They account for $386 million in profits.
Uber shares are up 4% in over-the-counter trading.
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