Ride-hailing company Uber claims strong revenue growth and reduced losses in the first quarter, while also announcing a tender offer from new and existing investors that would value it at $62 billion.
Uber told CNBC it had net revenue of $2.5 billion, up 67 percent year-over-year, on gross sales of $11.3 billion, an increase of 55 percent since Q1 last year.
Uber said its adjusted EBITDA loss narrowed 49 percent year-over-year to $304 million, down from $597 million a year ago. Adjusted net loss was $577 million for the quarter. Those numbers exclude a $3 billion first quarter gain from the sale of its Southeast Asian business to rival Grab as well as its business merger in Russia with Yandex.Taxi.