ride has said it took $ 50bn worth of global bookings for its ride - hailing and food - delivery operations last year , a 45 % YoY increase . The latest announcement comes before it lists on the competitive market in one of the biggest - ever flotations . Full - year revenue dropped 43 % YoY to $ 11.3bn , with losses before taxes , fees and other expenses falling to $ 1.8bn from $ 2.2bn in 2017 . However , revenue dropped 2 % in Q4 2018 , demonstrating that Uber still has to significantly subsidise rides in competitive markets ; a potential benefit to investors .
Uber has said it took $50bn worth of global bookings for its ride-hailing and food-delivery businesses last year, a 45% YoY increase. The latest announcement comes before it lists on the stock market in one of the biggest-ever flotations. Full-year revenue climbed 43% YoY to $11.3bn, with losses before taxes, depreciation and other expenses falling to $1.8bn from $2.2bn in 2017. However, revenue grew 2% in Q4 2018, demonstrating that Uber still has to significantly subsidise rides in competitive markets; a potential deterrent to investors.