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Uber's net losses increase

29 Nov 2017


According to reports in Reuters , Uber technologies Inc's third quarterly losses have widened from $1.06 billion to $1.46 billion.

A source told Reuters:

"Quarterly net revenue rose 14 percent to $2 billion and gross bookings increased 11.5 percent to $9.7 billion, on a sequential basis"

Although being a privately owned company, earlier this year Uber began disclosing certain figures, offering the public a glimpse of it's business performance. Uber hope to push for an IPO within the next two years.  



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