+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Leaked numbers show Uber generated more money in the third quarter of 2015 than it did in all of 2014

Jan 22, 2016, 03:47 IST

Travis Kalanick, chief executive officer of Uber Technologies Inc., speaks during the Institute of Directors (IOD) annual convention at the Royal Albert Hall in London, U.K., on Friday, Oct. 3, 2014. Chris Ratcliffe/Bloomberg via Getty Images

Uber's losses are mounting, but its revenues are growing too, according to a new report from Bloomberg's Ellen Huet and Eric Newcomer.

Advertisement

In Q3 of 2015, Uber lost $697 million - outstripping its $498 million in net revenue, according to the report.

But, if you compare it to figures from previous financial quarters, released by The Information, then it shows Uber's revenue in Q3 of 2015 eclipsed what it made in all of 2014.

Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More

Here's a recap of the financials:

  • Net revenue: In the third quarter of 2015, Uber generated $498 million. That's more than the $495.3 million it generated in all of 2014, according to The Information. (Net revenue measures the amount of money the company keeps after paying drivers their cut.)
  • Losses: Uber lost $697 million in the third quarter of 2015. In 2014, its losses reached $671.4 million.

The $1.7 billion in losses over the first three quarters of 2015 is still staggering against its $1.2 billion in revenue over the same period.

Advertisement

Uber did not respond to a request for comment.

Read the full Bloomberg report here>>

NOW WATCH: The insanely successful life of Uber billionaire Travis Kalanick

Please enable Javascript to watch this video
Next Article