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The net loss included a $1.7 billion net headwind (pre-tax) relating to Uber s equity investments, primarily due to aggregate unrealized losses related to the revaluation of Uber s Aurora, Grab, and Zomato stakes.
Top US stocks to watch before the bell: Uber, General Motors and Boeing
Joshua Warner May 5, 2021 1:17 PM
Uber is due to report first-quarter results after Lyft updated the market yesterday, GM is confident it can navigate the global shortage in chips, Boeing faces delays to getting 737 MAX jets back up in the sky, Activision Blizzard ups expectations, and the Honest Co goes public today. Share:
Uber and Lyft
Uber will release first-quarter results later today at 1100 PT. An earnings consensus compiled by Reuters shows analysts are expecting Uber to report revenue of $3.27 billion and a net loss of $983.8 million. The main focus will be on how well placed its ride-hailing division can recover as restrictions are eased and Uber will also have to allay fears about a shortage of drivers.