"Earlier this month we took the important step of becoming a public company, and we are now focused on executing our strategy to become a one-stop shop for local transportation and commerce".
"Sooner or later we will be the biggest player on a global basis", Khosrowshahi said. In the earnings call on Thursday, Uber CEO Dara Khosrowshahi said he expects Uber and Lyft, at least, will be easing off their price-slashing battle soon.
The ride-hailing giant, which went public on the New York Stock Exchange on May 10, also reported a total revenue of $3.1bn, slightly higher than the estimated $3.04bn and at the higher end of the expected range it provided in its IPO filing.
Other than that, Uber's other services may still prove worthy of placing the ride-hailing company to its former economic position.
The company beat analysts' revenue estimates of $3.04 billion to record revenue of $3.10 while matching the $1.01 net loss.
The company is facing strong competition on both the ride hailing and the food delivery sides, but Uber Eats saw substantial growth in adjusted net revenue and gross bookings in Q1 2019 compared to the same quarter past year.
Uber's start as a publicly traded company has gone from bumpy to bumpier.
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Bloomberg points out that the loss of Uber in the quarter is more significant than that of rival Lyft past year. In early May, Uber was priced at $45 per share, which raised $8.1 billion for the company.
Besides the fall in margins in the food-delivery business, incentives given to drivers and riders in the core ride-hailing operations also negatively affected Uber.
After its earnings report Thursday afternoon, Uber's stock vacillated, rising 1% to $40.20 a share in after-hours trading, before dipping 1% below the closing price to $39.42 a share.
Uber reported that it is prepared to continue investing in the company's global expansion, according to the company's financial director, Nelson Chai, in a statement. Uber Eats, the company's food delivery platform grew by 89 percent in revenue, contributing most to the overall growth of this quarter. "It's (Uber Eats in India) growing very, very quickly".
But Khosrowshahi said those fights were beginning to subside, with competitors focusing on building their brand and products rather than on paying incentives.
Still, Uber reported that bookings and the number of people using its platform climbed by more than 30%, both signs of growth.