Uber loses more than $1bn in first quarterly report since IPO

Company said it now had 93 million customers who are active on a monthly basis, 33% higher than the same period last year

Uber lost more than $1bn in the first three months of the year, the ride-sharing company announced on Thursday.

Releasing its first quarterly report since it became a public company, Uber said it now had 93 million customers who are active on a monthly basis, 33% higher than the same period last year. The company’s revenues were $3.1bn for the three months, 20% higher but slower than the 25% annual growth Uber recorded in the prior quarter.

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