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 percentage decline in revenues between Q4 and Q1?

What confidence did the company give regarding breaking even in 2021?