Uber just shared its financial numbers and it lost $2.8 billion in 2016
Thomson Reuters
Uber CEO Travis Kalanick
Uber released its numbers to the public for the first time ever to show that its sales growth has remained strong even as it entered a tumultuous 2017.
Here are its key financials for 2016, per Uber's release to Bloomberg:
- Gross bookings: $20 billion (double its 2015 numbers)
- Net revenue: $6.5 billion (excluding China)
- Adjusted net losses: $2.8 billion
In the fourth quarter, Uber both increased its bookings and upped its losses, according to the report. Uber's gross bookings rose to $6.9 billion in Q4, but its losses teetered close to a billion at $991 million. Uber generated $2.9 billion in revenue in the fourth quarter alone.
According to Bloomberg, Uber's revenue is "only the portion Uber takes from fares, except in the case of its carpooling service; the company counts the entire amount of an UberPool fare as revenue."
Developing... This story will be updated.
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