Uber Freight’s revenue rose strongly in the second quarter of 2020 compared to last year while its negative earnings before interest, taxes, depreciation and amortization (EBITDA) increased slightly.
Uber Freight’s second-quarter revenue was $211 million, up from $167 million, an increase of 27% on a constant currency basis. Meanwhile, EBITDA for the segment rose to a loss of $49 million compared to a loss of $52 million in the second quarter of last year.
However, the EBITDA figure for the...