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The Wall Street Journal: Uber narrows quarterly loss as bookings surge

Uber Technologies Inc.’s scandal-plagued year apparently hasn’t deterred ridership, though the ride-hailing company is still reporting heavy financial losses.

The San Francisco company reported a $645 million loss for the second quarter, narrowing from $708 million in the first quarter. Revenue, not including a one-time outlay for drivers in New York City it had mistakenly underpaid, rose 17% to $1.75 billion in the period compared with the first quarter. Privately held Uber didn’t provide year-earlier figures for those metrics.

Read:Meg Whitman on Uber CEO rumors: No, nope, nuh-uh, no way

Also see:Uber gets knocked down a peg by top mutual funds

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