Uber loses more than USD 800 million in third quarter 2016: report

Leading radio Taxi provider Uber Technologies Inc reported losses of more than $800 million in the third quarter, Bloomberg reported on Monday. 

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. 

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 generated about $1.7 billion in net revenue.