Uber Braces for $1 Billion Loss in First Quarter as a Public Company

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By CCN: Ridesharing powerhouse Uber Technologies (NYSE: UBER) announced last week that it expects to lose $1 billion in its first-ever quarterly earnings report this Thursday. Uber gave shareholders only a week to prepare for the report, and they will be eagerly anticipating Thursday evening’s results. The shortened week ahead has little else in the way of earnings after the Memorial Day long weekend in the U.S. Meanwhile, revenue is anticipated in a range of $3.04 billion to $3.10 billion vs. $2.5 billion in Q1 2018. Its ridesharing business is expected to grow by 20%, while Uber Freight and Uber

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