Uber's net loss declined in 2018 by 26.6%


Taxi service Uber reported a net loss decrease in 2018 by 26.6% to 3 billion 300 million dollars. In the fourth quarter, the company managed to reduce its net loss by 19% to $865 million. Quarterly revenue reached $2 billion 20 million, an increase of 25% from the same quarter a year earlier. The volume of food delivered by the company outside of China jumped by 31%, reaching $14 billion 200 million. Uber is planning an initial public offering of its shares. Therefore, the company publishes financial statements for the last few quarters, although, as a non-public company, Uber is not obliged to publish them.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong