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Uber Posts Profit On One-Time Gains
08/04/21 AT 7:07 PM
Uber on Wednesday reported a profit in second quarter on one-time gains and said its pandemic-stalled ride-hailing business was showing signs of recovering.
The San Francisco-based company reported a profit of $1.1 billion. Revenue rose to $3.9 billion in the recently ended quarter, more than double what it took in during the same period last year.
The net income for the quarter included gains of $1.4 billion from the revaluation of its investment in Chinese ride-share firm Didi and another $272 million from its stake in the autonomous technology firm Aurora, according to Uber.
Uber made strong progress in luring drivers and couriers back to its smartphone-summoned ride and delivery businesses, chief executive Dara Khosrowshahi said during an earnings call.

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