Uber narrows losses by 9% to $645 million in Q2 2017
Uber on Wednesday reported that its losses narrowed by 9% to $645 million in Q2 2017 from $708 million loss in the first quarter. Uber's revenue rose 17% to $1.75 billion from the previous quarter. The cut in Uber's losses is partially attributed to a 16-17% increase in its quarterly bookings. India is said to be among Uber's biggest costs.