Start Finance Uber expands loss before planned IPO

Uber expands loss before planned IPO


According to US media reports, the car broker Uber slipped deeper into the red in the third quarter. Compared to the previous quarter, the loss of $ 891 million to 1.07 billion dollars (€ 0.95 billion) has grown, wrote the Wall Street Journal and the „New York Times“ yesterday (local time) under appeal on the most recent annual report.

Sales rose to $ 2.95 billion, an increase of 38 percent year-over-year. This has slowed growth significantly. Uber wants to go public like rival Lyft in the first half of 2019. Since the company is private, it does not have to publish annual reports. Certain numbers, however, are presented to investors and always penetrate the US media outside.