Uber Technologies Inc.’s scandal-plagued year apparently hasn’t deterred ridership, though the ride-hailing company is still reporting heavy financial losses.
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 and more than double the roughly $800 million it took in a year earlier.
Privately held Uber didn’t provide year-earlier loss figures .
Uber doubled its gross bookings to $8.7 billion in the second quarter, which includes rides and food and freight deliveries, compared with the same period a year earlier.
Global trips rose 150% from the same period last year, Uber said, without providing the underlying numbers.
Uber could bolster its cash pile if it moves forward with a proposed investment from SoftBank Group Corp. of at least $1 billion, people familiar with the matter have said.