On May 4, Uber Technologies Inc (UBER) reported a Q1 loss of $5.9 billion ($3.04 per share), compared to a loss of $108 million (6 cents per share) a year earlier.

The company attributed $5.6 billion of that loss to its investments in stakes in Grab Holdings Ltd. (GRAB), Aurora Innovation Inc. (AUR) and Didi Global Inc. (DIDI). The company also reported that the loss included $359 million in stock-based compensation expense.

Adjusted loss was $168 million.Revenue rose to $6.85 billion from $2.9 billion.A loss of $134 million was expected on revenue of $6.1 billion.Gross order turnover rose to $26.45 billion versus expectations of $25.96 billion.

On May 3, Lyft (NASDAQ: LYFT) reported a Q1 loss of $196.9 million (57 cents per share), compared with a loss of $427.3 million ($1.31 per share) a year earlier. On an adjusted basis, earnings totaled 7 cents per share.

Revenue for the period rose to $875.6 million from $609 million. A loss of 7 cents per share was previously expected on revenue of $848.9 million. The number of active users rose to 17.8 million from 13.49 million. 17.9 million was expected.