Uber has posted dramatic revenue growth in the first quarter though it’s continuing to bleed money.
Uber has recently posted its first earnings report as a publicly traded company. In the report, Uber says that its revenue has climbed to $3.1 billion in the first quarter of 2019, which is 20% increase from the same time last year, beating expectations of financial analysts.
But the ride-hailing tech company has posted $1 billion in losses as well as the firm fights to maintain its share of the market.
