Helbiz sees losses in mobility revenue and slight gains in streaming

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Helbiz sees losses in mobility revenue and slight gains in streaming

Helbiz’s third quarter earnings show a company that’s burning cash, not making revenue gains and losing riders year over year. Helbiz’s developing sports streaming business did, however, record some modest improvements.

On Monday, the micromobility SPAC released its Q3 earnings, the same day that Bird, its sole rival in the public market, did the same. Neither business is operating efficiently or doing well on the stock market. Bird acknowledged that it has overstated its income for two years and issued a warning about the developing concern. Both businesses are trading below $1, putting their stock market listings at danger.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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Helbiz’s third quarter earnings show a company that’s burning cash, not making revenue gains and losing riders year over year. Helbiz’s developing sports streaming business did, however, record some modest improvements.

On Monday, the micromobility SPAC released its Q3 earnings, the same day that Bird, its sole rival in the public market, did the same. Neither business is operating efficiently or doing well on the stock market. Bird acknowledged that it has overstated its income for two years and issued a warning about the developing concern. Both businesses are trading below $1, putting their stock market listings at danger.

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Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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