Uber Eats becomes the main source of income of the company between April and June
Uber Eats becomes the main source of income of the company between April and June

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Uber Technologies, the service platform for transport and mobility, registered a loss of 1.775 million dollars ($1.499 billion) between April and June . This means the reduction in a 66% the negative result recorded in the second quarter of the previous year, according to the company.

In the second quarter, the turnover of Uber has reached 2.241 million dollars ($1.893 million eur) , a 29.2% below the revenue recorded a year before, as a result of the sinking of the business of transport of passengers , Uber Rides, whose turnover between April and June fell by 66.7%, to 790 million dollars (667 million euros).

By contrast, the business of food delivery to home, Uber Eats, has increased 103% of their sales, up to 1.211 million dollars ($1.023 million), making it for the first time in the main engine of revenue of the platform.

Results half-yearly

In this way, in the first six months of the year, Uber has registered losses of 4.711 million dollars ($3.979 million) , a lower figure at 24.6% the negative result of 6.248 million dollars ($5.276 million euros) for the first half of 2019.

income of Uber between January and June have decreased by 7.7% year-on-year, to 5.784 million dollars (4.885 million euros). The division’s Uber Rides with a turnover of 3.260 million dollars ($2.753 million euros), a 32% less, while U ber Eats rose in the first half 79.5% of its sales, up to 2.030 million dollars ($1.714 million euros).

In this sense, the company CEO Dara Khosrowshahi has said that “our team continues to move at the speed of Uber to respond to the impact of the pandemic in our communities and in our business, leading our industry with new products and security technologies , and taking advantage of the strong tailwinds that are driving exceptional growth in Delivery”.

The actions of Uber closed the Thursday session in 34,71 dollars, with an increase of 4,55% , although the price is a 22.8 per cent below the $ 45 from its IPO in may 2019. However, from the lows of mid-march, the price of Uber has appreciated 134%.

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