Wednesday, November 29, 2017

"Uber's third-quarter net loss widens to $1.46 billion: source" (FT says only $746 mil)

From Reuters:
Uber Technologies Inc’s [UBER.UL] quarterly losses widened, a source familiar with the matter told Reuters on Tuesday, as the ride-hailing company wades through legal troubles and faces regulatory scrutiny across the globe.

The Silicon Valley-based company’s net loss increased to $1.46 billion in the third quarter from $1.06 billion in the previous quarter, the source said. 

Quarterly net revenue rose 14 percent to $2 billion and gross bookings increased 11.5 percent to $9.7 billion, on a sequential basis, the person said. 

As a private company, Uber is not required to publicly report its financial results, but earlier this year it began offering a glimpse of its performance by disclosing certain numbers...MORE
Also via Reuters:

Uber's third-quarter adj loss widens to $743 mln - FT
Uber Technologies Inc’s quarterly adjusted losses widened to $743 million, up 14 percent from the previous quarter, the Financial Times reported on Tuesday.

The ride-hailing company's third-quarter net revenue stood at $2 billion, up 14 percent from the previous quarter, the FT reported citing new documents sent to shareholders. (
Uber’s quarterly gross bookings were $9.7 billion, the FT reported....