Uber’s Revenue
Uber’s Revenue

Ride hailing service Uber Technologies Inc generated $6.5 billion
in revenue last year and its gross bookings doubled to $20 billion,
the company said on Friday.

Its adjusted net loss was $2.8 billion,excluding operation in China
it sold last year,Uber said.

As a private company, now worth $68 billion, Uber does not report its
financial results publicly. It confirmed the figures in an emailed statement
after Bloomberg reported the results.

Uber did not provide first figures,but a spokeswoman said:
seem to be in line with expectations.

For the final quarter of 2016, gross bookings increased 28 percent from the
previous quarter, to $6.9 billion. But Uber s losses grew to $991 million in
the period, as revenues grew 74 percent to $2.9 billion from the third quarter.

In a separate emailed statement, Rachel Holt, Uber s regional general manager for the
United states and Canada, said: WE are fortunate to have a healthy and growing business,
giving us the room to make the changes we know are needed on management and accountability,our culture and organization,and our relationship with drivers.

Uber has been rocked by a number of setbacks lately, including detailed accusations of sexual harassment from a former female employee and a video showing Chief Executive Travis Kalanick harshly berating an Uber driver.

The company is in the process of hiring a chief operating officer to help Kalanick manage it,
repair its tarnished image and improve its culture.