The world’s largest travel agent Uber continues to groan under the corona pandemic and again suffered a high loss in the third quarter. The bottom line was a loss of 1.1 billion US dollars (0.9 billion euros), as the taxi competitor announced on Thursday after the US market closed. Deep red numbers have not only been normal at Uber since the Corona crisis, in the corresponding period of the previous year the loss was even slightly higher due to extremely high investments and costs.

After the slump at the start of the pandemic, business continues to recover, but Uber remains badly hit. Sales fell in the most recent quarter by 18 percent to $ 3.1 billion. Despite all the problems, the company is sticking to its goal of generating a quarterly profit before interest, taxes, depreciation and amortization at the end of 2021. Uber’s numbers were still not well received by investors, and the shares initially fell sharply after the hours. Analysts had expected significantly better results on average.

(mho)