Bird Global Reports Q2 2023 Net Loss of $9.31 Million
Revenue Drops to $48.33 Million, Reflecting Challenging Market Conditions
By USInMinutes
Published - Aug 10, 2023, 10:16 AM ET
Last Updated - Aug 21, 2024, 06:26 AM EDT
Bird Global, Inc.(BRDS), a leading player in the sharing economy, has released its financial results for the second quarter of 2023, revealing a net loss of $9.31 million. The company's revenues for the quarter reached $48.33 million, reflecting the ongoing challenges faced by the company in a competitive market.
Revenue Impact: A Drop in Figures
In the latest financial report, Bird Global's revenues for the second quarter of 2023 totaled $48.33 million, a decrease from the $66.77 million reported during the same period in the previous year. This decline is attributed to a combination of reduced revenues from sharing services, platform partner services, and product sales.
Net Loss Continues: A Deeper Look
