SAN RAMON, Calif. – Uber’s whittled its losses at the end of a topsy-turvy year that forced the ride-hailing service to rely more heavily on its food-delivery business after the pandemic dramatically reduced the number of people willing to hop into a car driven by a stranger.
The fourth-quarter results announced Wednesday drew a picture of a company making strides in its attempt to recover from a staggering blow delivered last March, when efforts to contain the novel coronavirus shut down much of the economy and upended its ride-hailing service.
The upheaval accelerated Uber CEO Dara Khosrowshahi’s plans to expand the company’s food-delivery operation as part of an effort to build a more versatile transportation service.