Cabvision TaxiPoint GIF.gif

Uber's losses increased by over 60 percent in 2017

14 Feb 2018

 

According to the latest financial figures released by Uber, the ride-hailing firm's losses increased by 61 percent in 2017, up from the year before.

Figures reported a loss of $2.8 billion in 2016, but those losses increased to $4.5 billion in 2017. Although an increase in losses should be a cause of concern, it should be noted, Uber's losses narrowed in their forth quarter figures, according to a report in CNBC .

Third quarter losses were at an eye watering $1.46 billion but dropped to $1.1 billion in the final quarter. What is significant is that the final quarter figures come during Uber's new CEO, Dara Khosrowshah's first full period. Revenue during that period climbed around 14 percent, from $9 billion to $11.1 billion.

Although Uber are not required to disclose financial figures, the company has taken the conscious decision to release such figures in recent months.  

 

 

Please reload

  • Facebook
  • Twitter
  • YouTube Social  Icon
  • Instagram Social Icon
  • Facebook TaxiPoint
  • Twitter TaxiPoint
  • YouTube TaxiPoint
  • Instagram

Featured Stories

Please reload

ltda banner.JPG
black.gif
advert gif.GIF
TaxiPoint--300x200px-MLP-GIF.gif
advert gif.GIF
advert gif.GIF
RSS Feed

The views expressed in this publication are not necessarily those of the publishers.

 

All written and image rights are reserved by authors displayed.

Reproduction in whole or in part without prior permission from the publisher is strictly prohibited.

All written content Copyright of TaxiPoint 2019. Creative Common image licenses displayed where applicable.