Uber lost more than $800 million in third quarter 2016: Bloomberg
Published: 2016-12-20 10:23:11.0 BdST Updated: 2016-12-20 10:23:11.0 BdST
Privately held ride-hailing company Uber Technologies Inc lost more than $800 million in the third quarter, Bloomberg reported on Monday.
The company's $800 million in losses did not include its operations in China, Bloomberg said, citing a person it said was familiar with the matter.
In the previous quarter the company's loss significantly exceeded $800 million, including its Chinese operations, Bloomberg said.
Uber generated about $1.7 billion in net revenue in the third quarter, up from $1.1 billion in the previous quarter, Bloomberg reported.
The company is on track to surpass $5.5 billion in net revenue in fiscal 2016, Bloomberg said.
Uber did not immediately reply to a request for comment.
Any unauthorised use or reproduction of bdnews24.com content for commercial purposes is strictly prohibited and constitutes copyright infringement liable to legal action.
- After night in cell, Samsung scion taken for questioning
- Facebook CEO Zuckerberg warns against reversal of global thinking
- Nokia seeks to buy Finnish telecoms software firm Comptel for $370 million
- Training to digital lab volunteers begins on Thursday in Dhaka
- US tech titans lead legal battle against Trump travel ban
- At Snap, cost of hosting sets high bar for revenue growth
- Indian police bust $550-million internet scam that duped thousands
- Snapchat aimes for the sky, promises little in $3 billion IPO pitch
- Snap shoots for the sky, promises little in $3 billion IPO pitch
- Young Bangla taking technologies to grassroots with Microsoft labs
- Minister Quader was 'just angry', says MP Sanowar claiming reports of being assaulted not true
- Trump administration to expand groups of immigrants to be deported: Documents
- Director Farooki's "Doob: No Bed of Roses" stalled
- PM Hasina stops over at Abu Dhabi on way home from Munich
- Bangladesh court to deliver verdict in Japanese national Kunio Hoshi murder on Feb 28
- New US travel ban to spare green card holders: Trump official
- Humayun Ahmed's portrayal in Farooki's 'Doob' is objectionable, says Shaon
- Island chosen to relocate Rohingya refugees not fit for habitation, says Bangladesh forest department
- Man dies in ‘gunfight’ with RAB in Rajshahi
- Graphic novel 'Mujib' part-3 to be released Sunday