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 company is also in talks with the US government to allow drivers to work from home or on their own cars if they are not working at an airport or airport. 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.
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.