Uber announce nearly 40 billion pounds in total bookings for 2018
Uber had 39 billion pounds in total bookings for its ride-service and food-delivery businesses last year.
Figures released by the company on Friday showed revenue grew just 2 percent in the fourth quarter, a sign that Uber continues to heavily subsidise rides in competitive markets, raising questions about its future growth prospects.
Uber’s full-year revenue for 2018 was $11.3 billion, up 43 percent from the prior year. Its losses before taxes, depreciation and other expenses were $1.8 billion, an improvement over the $2.2 billion loss posted in 2017.
Uber highlighted the annual bookings figure, which was up 45 percent over 2017, in its release on Friday of a smattering of selected figures for its fourth-quarter and full-year results, a practice it has had for the last several quarters as it anticipated going public. The full-year figures are particularly important to show potential investors the trajectory of the business, as opposed to Uber’s more erratic quarterly results.
Uber in December filed confidentially for an initial public offering, which may come as early as the second quarter this year. It is racing neck-and-neck with rival Lyft to become the first ride-hailing IPO.
Published: by Radio NewsHub