Uber increases quarterly revenue, but food delivery costs eat profit

(Reuters) - Uber Technologies Inc drew more customers to its ride-hailing and food delivery business in a boost to its fourth-quarter revenue, but high costs at Uber Eats meant Uber continues to lose money as it tries to outspend competitors.Total revenue rose 37% to $4.07 billion on a yearly basis, compared with analysts' average estimate of $4.06 billion, according to IBES data from Refinitiv. Three-quarters of that revenue came from Uber's ride-hailing service, available in more than 700..