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Uber Loses Nearly $1 Billion Last Quarter

2018-11-16 0 Dailymotion

On Wednesday, Uber reported its third-quarter financials to select media outlets.<br />According to Business Insider the numbers show widening losses and slowing growth.<br />The ride-hailing giant races towards a public stock offering.<br />Revenue: $2.95 billion, up 38% from the previous year.<br />Adjusted net loss: $939 million, up 38% from the previous quarter.<br />Gross bookings: $12.7 billion, up 34% from the previous year.<br />It's the first time the company has provided specific data for Uber Eats. <br />

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