CEO Dara Khosrowshahi, who is desperate in turning the company to profitability said, “We had another great quarter, continuing to grow at an impressive rate for a business of our scale.” He also added, “Going forward, we’re deliberately investing in the future of our platform.”
Uber, which recently shut down its self-driving truck operations, is facing many headwinds in the US. The recent decision of limiting licenses to ride-hailing companies in New York and setting up a minimum payment for the drivers has been a real blow for Uber and its rival Lyft. Also, the San Francisco-based company, which is expected to file its initial public offering in the latter half of 2019, is yet to fill up its key leadership vacancies including the role of finance chief.
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