Uber Narrows Loss to $645 Million, Boosts Revenue Amid Turmoil
- Net revenue rose 17 percent to $1.75 billion despite scandals
- Second quarter saw the ouster of Travis Kalanick as chief
Gauging Investor Appetite for Uber Shares
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Even as Uber Technologies Inc.’s investors mounted a revolt against the then-chief executive officer over a string of self-inflicted scandals, the ride-hailing company’s financial performance continued to improve in the second quarter of the year, based on financial results provided by the company.
Uber generated $1.75 billion in adjusted net revenue in the second quarter of this year, up 17 percent from the prior quarter. Uber narrowed losses by 9 percent to $645 million.