Uber Expects Revenue Plunge As It Retracts 2020 Guidance
PYMNTS
APRIL 17, 2020
billion impairment charge and $17-22 million in first-quarter losses. It is also anticipating a GAAP revenue drop of $17-$22 million in the first quarter and $60-$80 million in the second quarter. billion impairment charge — a writeoff for worthless goodwill — against the carrying value of its minority equity investments.
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