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Uber lost $1.78 billion in the second quarter as the pandemic carved a gaping hole in its ride-hailing business, with millions of people staying home to reduce the spread of the coronavirus.
The San Francisco-based ride-hailing giant brought in $2.24 billion in revenue during the second quarter, down 27% from the same time last year, on a constant currency basis, the company said Thursday.
Uber’s mobility business, which includes ride-hailing and micro-mobility options such as scooters and bikes, saw its revenue shrink to $790 million, down 67% from $2.38 billion a year ago.
Its Eats delivery business – once just a fraction of the company – brought in $1.21 billion in revenue during the quarter.
Uber’s quarterly losses included $382 million in restructuring and related charges as the company laid off 6,700 people – a quarter of its workforce – in May.
Uber said at the time that it would be closing or consolidating 45 offices worldwide.
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