Uber Reports First-Ever Decline in Rides Booked, Business Drops by 80%

The video discusses Uber's first-ever decline in its ride-hailing business, offset by growth in Uber Eats, bringing the company closer to profitability. It highlights the impact of lockdowns on ride-sharing, with signs of recovery in places like Hong Kong. The video also covers Uber's financial performance, noting a rare instance where cost reductions outpaced revenue declines, and the company's confidence in breaking even by 2021.

What was the major positive factor for Uber amidst the decline in their ride-hailing business?

• Reduction in operational costs

• Expansion into new markets

• Boost from Uber Eats

• Increased demand for Uber rides

How did the lockdowns affect Uber's ride-sharing business?

• It resulted in increased demand

• It had no impact

• It caused a decline but showed signs of recovery

• It led to a complete shutdown

What percentage of recovery was observed in Hong Kong's ride-sharing market?

• 30%

• 90%

• 50%

• 70%

What was the percentage decrease in Uber's revenues between Q4 and Q1?

• 6%

• 9%

• 12%

• 15%

By when does Uber expect to break even according to the discussion?

• Mid 2021

• End of 2020

• End of 2021

• Early 2022