New lockdowns impacted business in India in Q2: Uber
Adv.
New Delhi, Aug 5 (IANS) As India went into lockdowns amid the lethal second Covid-19 wave in the April-June period, ride-hailing major Uber saw a dip in its business, as mobility gross bookings went down significantly.
Overall, Uber’s gross bookings reached $21.9 billion in the second quarter, up 114 per cent compared to the year-ago period, the company said in a statement late on Wednesday.
The company recorded Mobility Gross Bookings of $8.6 billion and Delivery Gross Bookings of $12.9 billion. Net income was $1.1 billion, including $272 million in stock-based compensation expenses, the company announced.
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