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Drivers are feeling squeezedSome Uber drivers are feeling squeezed on pay. That doesn't mean drivers aren't feeling angry about a drop in pay that they say they've experienced, with data backing them up. Gridwise Analytics, a data firm analyzing the gig economy , found average monthly gross earnings for Uber drivers fell 17% last year. A more contentious issue among drivers has focused on whether or not Uber is taking a bigger slice of their fares. Yet it seems that not all drivers are satisfied — and Uber will be hoping that number doesn't keep rising.
Persons: , Dara Khosrowshahi, he’d, Uber, ” Khosrowshahi, , it's, ru4gU8nRa7, OEx6OEkovB Organizations: Service, Business, App Workers, “ Workers, East, Drivers, East Coast Locations: Chicago, Philadelphia, Pittsburgh
Uber’s post-pandemic growth is slowing
  + stars: | 2023-08-01 | by ( Catherine Thorbecke | ) edition.cnn.com   time to read: +1 min
New York CNN —Uber has reported that its revenue ticked up 14% last quarter, marking a slower pace of growth than recent quarters when sales surged as riders returned to pre-pandemic habits. The company on Tuesday reported revenue of $9.2 billion for the quarter ending in June, a 14% increase from the same period last year, just missing Wall Street’s estimates. The company, reported its first-ever unadjusted operating profit, of $326 million. Trips during the quarter grew 22% to 2.3 billion, or approximately 25 million trips per day on average. “Robust demand, new growth initiatives, and continued cost discipline resulted in an excellent quarter,” Uber CEO Dara Khosrowshahi said in a statement accompanying the results.
Persons: New York CNN — Uber, Uber, ” Uber, Dara Khosrowshahi, ” Khosrowshahi Organizations: New, New York CNN Locations: New York
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