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

Uber Technologies Inc Reported Losses Of More Than USD 800 Million In The Third Quarter, Bloomberg Reported On Monday.

News Nation Bureau | Edited By : Gautam Lalotra | Updated on: 21 Dec 2016, 12:36:25 PM
Uber Technologies - File Photo

New Delhi:

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.

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First Published : 21 Dec 2016, 12:29:00 PM

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