Source: Unsplash | Photographer: Mak
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While the financial results of the ride-sharing company for Q2 2020 did beat Wall Street’s estimates, they were still approximately 29% weaker compared to the same period last year.
Shares plummeted with more than 2% shortly after the news. Let’s take a closer look at how Uber fared in the past three months:
– Total revenue: $2.24 billion vs. estimates of $2.18 billion
– Losses per share: $1.02 cents vs. estimates of 86 cents
– Revenue from booked rides: $3.05 billion vs. estimates of $3.47 billion
– Revenue from food deliveries: $6.96 billion vs. $6.57 billion
Uber reasoned that the weak bookings had to do with the government-imposed travel restrictions due to COVID-19, which led to a 73% decrease in rides for the period. At the same time, the company’s food delivery businesses skyrocketed by 113%.
According to CEO Dara Khosrowshahi, Uber’s ride-hailing service is recovering at varied rates across the world: in the past three months, bookings were down 50% to 85% in the U.S., but only about 35% in leading European markets like France, Spain, and Germany.
Upcoming reports
See the full list of upcoming earnings reports for 10 – 14 August in the tables below.
Monday, August 10 2020
| Country of origin | Company name | Fiscal period |
|---|---|---|
| USA | Inovio Pharmaceuticals Inc | Second quarter of 2020 |
| USA | RCI Hospitality Holdings Inc | Third quarter of 2020 |
| Canada | Tilray Inc | Second quarter of 2020 |
| China | Tencent Music Entertainment Group | Second quarter of 2020 |
| USA | Occidental Petroleum Corp | Second quarter of 2020 |
| Canada | Canopy Growth Corp | First quarter of 2021 |
| USA | Marriott International Inc | Second quarter of 2020 |
| USA | Royal Caribbean Cruises Ltd | Second quarter of 2020 |
| USA | Liberty Media Corp | Second quarter of 2020 |
| Germany | Porsche Automobil Holding SE | Second quarter of 2020 |
| Canada | Barrick Gold Corp | Second quarter of 2020 |
| United Kingdom | Superdry PLC | Full year 2020 |
Tuesday, August 11 2020
| Country of origin | Company name | Fiscal period |
|---|---|---|
| USA | Broadridge Financial Solutions Inc | Fourth quarter of 2020 |
| USA | Sysco Corp | Fourth quarter of 2020 |
| China | JD.com Inc | Second quarter of 2020 |
| United Kingdom | Prudential PLC | Half year 2020 |
| Egypt | Petrofac Ltd | Half year 2020 |
| Japan | SoftBank Group Corp | First quarter of 2021 |
| United Kingdom | InterContinental Hotels Group PLC | Interim report for 2020 |
| United Kingdom | Derwent London PLC | Half year 2020 |
| Austria | Raiffeisen Bank International AG | Half year 2020 |
| Germany | Aurubis AG | Third quarter of 2020 |
Wednesday, August 12 2020
| Country of origin | Company name | Fiscal period |
|---|---|---|
| USA | Lyft Inc | Second quarter of 2020 |
| USA | Cisco Systems Inc | Fourth quarter of 2020 |
| United Kingdom | Capital & Counties Properties PLC | Half year 2020 |
| Germany | Evotec SE | Second quarter of 2020 |
| Germany | Leoni AG | Second quarter of 2020 |
| United Kingdom | Admiral Group PLC | Half year 2020 |
| United Kingdom | Balfour Beatty PLC | Half year 2020 |
| Austria | Wienerberger AG | Half year 2020 |
| Germany | GEA Group AG | Half year 2020 |
| Germany | E.ON SE | Second quarter of 2020 |
| Germany | Salzgitter AG | Half year 2020 |
| Kingdom of the Netherlands | ABN Amro Bank NV | Second quarter of 2020 |
Thursday, August 13 2020
| Country of origin | Company name | Fiscal period |
|---|---|---|
| USA | Applied Materials Inc | Third quarter of 2020 |
| China | Alibaba Group Holding Ltd | First quarter of 2021 |
| USA | JC Penney Company Inc | Second quarter of 2020 |
| Germany | Draegerwerk AG & Co KGaA | Half year 2020 |
| United Kingdom | National Express Group PLC | Half year 2020 |
| United Kingdom | Murray International Trust PLC | Half year 2020 |
| Germany | Deutsche Telekom AG | Second quarter of 2020 |
| Germany | SGL Carbon SE | Second quarter of 2020 |
| Germany | Deutsche Wohnen SE | Second quarter of 2020 |
| Germany | 1&1 Drillisch AG | Second quarter of 2020 |
| Germany | Heidelberger Druckmaschinen AG | First quarter of 2021 |
| Germany | Aareal Bank AG | Second quarter of 2020 |
| Germany | Lanxess AG | Second quarter of 2020 |
| Kingdom of the Netherlands | Aegon NV | Half year 2020 |
| Germany | Bilfinger SE | Half year 2020 |
| Germany | RWE AG | Second quarter of 2020 |
| Germany | K&S AG | Half year 2020 |
| Germany | Thyssenkrupp AG | Third quarter of 2020 |
| Germany | Ceconomy AG | Third quarter of 2020 |
| Germany | Tui AG | Third quarter of 2020 |
| Switzerland | Zurich Insurance Group AG | Second quarter of 2020 |
Friday, August 14 2020
| Country of origin | Company name | Fiscal period |
|---|---|---|
| Kingdom of the Netherlands | Flow Traders NV | Half year 2020 |
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