SAN FRANCISCO — Uber capped a difficult 2019 by posting faster growth in its ride-hailing business, even as it lost more money. On Thursday, Uber said its revenue in the fourth quarter of 2019 increased 37 percent to $4 billion from a year ago, faster than the 30 percent growth it recorded in the previous quarter. The company lost $1.1 billion, more than the $887 million it lost a year earlier. “We recognize that the era of growth at all costs is over,” said Dara Khosrowshahi, Uber’s chief executive. In contrast, Uber’s food delivery business, Uber Eats, lost $461 million on revenue of $734 million.

Source: New York Times February 06, 2020 21:05 UTC