Reuters logo
Uber lost more than $800 million in third quarter 2016: Bloomberg
December 20, 2016 / 1:33 AM / in 10 months

Uber lost more than $800 million in third quarter 2016: Bloomberg

(Reuters) - Privately held ride-hailing company Uber Technologies Inc [UBER.UL] lost more than $800 million in the third quarter, Bloomberg reported on Monday.

A photo illustration shows the Uber app logo displayed on a mobile telephone, as it is held up for a posed photograph in central London, Britain August 17, 2016. REUTERS/Neil Hall/Illustration/File Photo - RTX2P60S

The company's $800 million in losses did not include its operations in China, Bloomberg said, citing a person it said was familiar with the matter. (bloom.bg/2hOkH2X)

In the previous quarter the company’s loss significantly exceeded $800 million, including its Chinese operations, Bloomberg said.

Uber generated about $1.7 billion in net revenue in the third quarter, up from $1.1 billion in the previous quarter, Bloomberg reported.

The company is on track to surpass $5.5 billion in net revenue in fiscal 2016, Bloomberg said.

Uber did not immediately reply to a request for comment.

Reporting by Gaurika Juneja in Bengaluru; Editing by Bill Rigby

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below