Loss Uber in 2016 amounted to $2.8 billion.
The international taxi service Uber has recorded an adjusted loss of $2.8 billion in 2016, with revenues of $6.5 billion.
The company, whose shares are not traded on the open market for the first time has published the financial indicators, without providing data for the previous year.
However, Uber has reported revenue growth in the fourth quarter of 74% compared to the previous three months to $2.9 billion.
At the end of last year, analysts estimated a potential loss of Uber before taxes, interest, depreciation and amortization (negative EBITDA) for the year of $2.8 billion, noting that this value will be a quarter more loss in 2015. The forecast of revenue was $5.5 billion.
Thus the disclosed data loss Uber does not include the cost of remuneration for staff in the form of shares, some investments in property and buy cars and also do not take into account the company’s performance in China, where she carried approximately $1 billion in losses a year, according to Bloomberg. Uber sold Chinese business in the summer of last year, local competitor Didi Chuxing Technology Co.
According to The Wall Street Journal, since the founding in 2008, Uber has attracted about $15 billion of debt and equity financing. Of this amount, Uber has about $7 billion, as the company’s activities requires a huge investment.
The total cost of trips made using Uber (including food Eats), increased in the fourth quarter by 28% compared to July-September to $6.9 billion Annual gross figure of revenue was $20 billion compared with $8.9 billion in 2015, $2.9 billion in 2014 and $685 million in 2013, the WSJ reported.
© 2017, z-news.link. All rights reserved.