Higher revenue: A pedestrian checks a mobile device in front of the Uber Technologies Inc. headquarters building in San Francisco, California, US. Uber’s full year revenue for 2018 was US11.3bil, up 43 from the prior year. Its losses before taxes, depreciation and other expenses were US1.8bil, an improvement over the US2.2bil loss posted in 2017. — Bloomberg
But profit remains elusive ahead of IPO
SAN FRANCISCO: Uber Technologies Inc had US$50bil in total bookings for its ride-service and food-delivery businesses last year, a testament to the size and global reach of the company as it prepares to woo investors in one of the biggest public stock listings to date.
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