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Uber's losses top $1 billion, trumping better than expected revenues

Better than expected revenues couldn't divert investor attention from the fact that Uber still managed to lose more than $1 billion in the most recent quarter as the company's stock fell in after-hours trading. “Our results this quarter decisively demonstrate the growing profitability of our Rides segment,” said Dara Khosrowshahi, the company's chief executive, in a statement. Revenue growth and take rates in our Eats business also accelerated nicely.








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