Heavy spending on driver incentives pushes Uber to bigger-than-forecast loss

Revenues double as demand for rides increases, but ride-hailing company has to spend more

Heavy spending to encourage drivers back to the road has pushed ride-hailing firm Uber into a larger-than-expected loss, despite the company than doubling its revenues as demand for its services increased.

Uber's take rate", or its share of the fare, dropped in the last quarter as it faced elevated costs of getting willing drivers behind the wheel.