Staggering financial losses for Uber

Uber generated US$3.76 billion in net revenue the first 3 quarters of 2016, but it is estimated that the bottom line will be a loss of more than US$2.2 billion, with US$800 million of that in the thir

Uber generated US$3.76 billion in net revenue the first 3 quarters of 2016, but it is estimated that the bottom line will be a loss of more than US$2.2 billion, with US$800 million of that in the third quarter. By year end, it is expected that Uber will have netted US$5.5 billion.


The company has tried to keep its financial information from public consumption, however, an anonymous source has revealed this data, which also shows that the San Francisco-based company is valued at a whopping US$69 billion. Thatโ€™s more than Twitter and General Motors combined.

About the author

Avatar of Linda Hohnholz

Linda Hohnholz

Editor in chief for eTurboNews based in the eTN HQ.

Share to...