"Uber releases IPO documents, reports $11.3B in 2018 revenue, up 42% from 2017"

From GeekWire:

Uber filed its long-awaited IPO prospectus on Thursday, giving the world a look under the hood at its key business metrics as the most valuable private company prepares to enter the public markets.

Uber follows its fellow tech giant Lyft, which went public last month. The two ride-hailing competitors are kicking off an IPO frenzy that will see many household names in the tech world hit the public markets in the coming market.

Here are a few of the key numbers that came out of Uber’s filing.

• The ride-hailing giant reported $11.27 billion in revenue in 2018, up 42 percent over the prior year.
• Uber finished 2018 with $49.8 billion in gross bookings, the total spent across the company’s various platforms, up 44 percent from a year ago.
• Uber reported net income of $997 million in 2018, but an adjusted EBITDA loss of $1.85 billion....

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