Uber’s losses widened in its second quarter as it poured cash into new services, such as food delivery and autonomous car technology, and aggressively expanded its core ride-hailing services overseas.
The San Francisco-based company reported adjusted losses before interest, tax, depreciation and amortisation of $404m (£318m) for the three months to the end of June, compared to $304m in the first quarter.
This is despite revenue ticking up 8pc quarter-on-quarter to $2.7bn, and comes as a sign boss Dara Khosrowshahi is continuing his predecessor’s strategy of spending heavily to support growth.
Uber has burned through $11bn since it was founded in 2009, both on pushing its ride-hailing offering…