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Uber shares tumble 5% on $1.16 billion quarterly loss

SPX News by Newsroom on 21:18 November 04, 2019 EST
Uber Technologies Inc. reported another breath taking loss on Monday.

The taxi service reported a third-quarter loss of $1.16 billion, even larger than the $986 million loss in the same quarter a year ago. The Q3 loss included $401 million in stock-based compensation.

Uber shares slid around 5% in after-hours trading.

Revenue improved 30% to $3.81 billion, from $2.94 billion a year ago.