Uber Freight’s gross bookings rose 55% in the first quarter, but its earnings before interest, taxes, depreciation and amortization, already negative last year, sank even further.
EBITDA for the Freight segment came in at negative $64 million, down from negative $29 million last year. In an earnings statement that offered few details or comments on the segment, Uber Technologies, the parent corporation, did note that during the quarter, more than 10,000 “relief loads of critical goods … booked on the shipper platform in the U.S. were hauled at cost.”
www.freightwaves.com
EBITDA for the Freight segment came in at negative $64 million, down from negative $29 million last year. In an earnings statement that offered few details or comments on the segment, Uber Technologies, the parent corporation, did note that during the quarter, more than 10,000 “relief loads of critical goods … booked on the shipper platform in the U.S. were hauled at cost.”
Uber Freight’s bookings climb, but an earnings benchmark slides
Meanwhile, Uber Eats had a bang-up pandemic-related quarter.
www.freightwaves.com
