Uber Expects Revenue Plunge As It Retracts 2020 Guidance
PYMNTS
APRIL 17, 2020
billion impairment charge and $17-22 million in first-quarter losses. The company retracted its 2020 forecast for gross bookings, adjusted net revenue and earnings before interest, taxes, depreciation, and amortization (EBITDA). Second-quarter losses are estimated to be $60-$80 million. . “To
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