Uber shares gain 11% on premarket after report

Uber shares gain 11% on premarket after report
Photo by Austin Distel / Unsplash

The company's free cash flow became positive for the first time ever in the second quarter.

Although the company's net loss was higher than expected: -$1.33 against the expected -$0.26. At the same time, revenues increased almost threefold, which indicates the further development of the business.