After Uber’s landmark victory over black cab drivers on Friday, there is more good news for the ride-hailing app: UK sales have risen tenfold in the past year. The company said it had sold a record £2.3bn worth of rides last year, up from £1.1bn in 2016. The growing popularity of Uber has been confirmed as the company celebrates a victory over black cab drivers, who allege it illegally operates metered taxis. The app’s accelerating growth also brings its first UK profit, with pre-tax profits hitting £900,000, after reporting a loss of £337,000 in 2013.
After Uber’s landmark victory over black cab drivers on Friday, there is more good news for the ride-hailing app: UK sales have risen tenfold in the past year. The company said it had sold a record £2.3bn worth of rides last year, up from £1.1bn in 2016. The app’s accelerating growth also brings its first UK profit, with pre-tax profits hitting £900,000, after reporting a loss of £337,000 in 2013.