Leaked numbers show Uber generated more money in the third quarter of 2015 than it did in all of 2014
Advertisement
Chris Ratcliffe/Bloomberg via Getty Images
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.
Advertisement
- Exploring the world on wheels: International road trips from India
- 10 worst food combinations you must avoid as per ayurveda
- Top seeds that keep you cool all summer
- 8 mouthwatering mango recipes to try this season
- India's hidden gems where the thermometer doesn't cross 20 degrees