Uber is set to reveal how badly the coronavirus hurt its business in the 2nd quarter. Here's what to expect from its pivot to food delivery. UBER

Get the Full StoryPavlo Gonchar SOPA Images LightRocket via Getty Images

Uber will report its second-quarter earnings on Thursday afternoon.

The company saw its core ride-hailing business hobbled by the coronavirus pandemic in the spring and going into summer, and said a worst-case scenario for the year could see requests sink up to 80 .

To make up the difference, Uber has aggressively invested in food delivery, including a deal to buy Postmates.

Visit Business Insider's homepage for more stories.

Uber on Wednesday will release its second-quarter financial data, revealing the full extent of the coronavirus' impact on the firm's business during the three-month period ending June 31.

As the pandemic spread around the world, Uber's core ride-hailing business plummeted, forcing it to rely more heavily on its Eats food-delivery service to make up as much of the difference as possible. Still, overall revenues have plunged and slowed the company's path to turning its first-ever profit.See the rest of the story at Business InsiderNOW WATCH: Why electric planes haven't taken off yetSee Also:The world's airlines say they won't recover until 2024, reflecting a new wave of pessimism as the pandemic rages onI flew on Southwest Airlines during the pandemic and came away impressed by how well the largest low-cost US airline handled social distancingLyft is expanding car rentals across the US as the coronavirus hobbles its core rides business

Share: