Uber seems to extend through global economy disturbance, despite fears that consumers are moving to horse riding and delivery.
The company said on Wednesday that it had received $ 11.5 billion in the last quarter, an increase of 14 percent for one year and a little less than the expectations of Wall Street investors. Its total reservations also grew by 14 percent to $ 42.8 billion, which was in line with expectations.
Investors were keen to know how President Trump’s last tour of the definitions might affect Uber’s growth. While the company’s direct business has little exposure to definitions, the disabled economy can make customers less ready to spend on horseback riding and delivery.
But Uber expected that its reservations would increase from 16 to 20 percent in the current quarter, which were higher than Wall Street estimates of 14 percent. In a statement, Dara Khusroshi, Uber CEO, said he was against a “amazing background of the main headlines on commercial and economic policy”, which was the beginning of the company for this year strong.
Uber’s profit for a quarter of $ 1.8 billion, which improved the loss in the first quarter of last year, amounted to $ 654 million, which strengthened to 721 million dollars of reractions of its investments.
Uber also announced a handful of new independent vehicle partnerships in the first four months of the year, all of which are part of the company’s largest strategy Participated in the growth of robot taxi companies This can be considered its competitors.
In March, Uber began an exclusive partnership in Austin, Texas, with a auto auto company, and the arrangement will come to Atlanta in the near future. As of May, Uber had 18 active partnerships of the vehicle.
While riding the ride still represents the largest part of the Uber’s profits, the company’s food delivery has grown by 15 percent. The company also spent $ 700 million on Tuesday to get a 85 percent stake in Trendyol Go, a Turkish food and grocery platform.
Uber witnessed some relief from the high costs of car insurance, which reduced the profits of its drivers. The company has grown short -term and long -term insurance reserves in the last quarter compared to the previous year.
