15 FEB

Pummeled by scandal, Uber hit with $4.46B in losses during 2017

According to recently released financial numbers, Uber lost $ 1.1 billion during the fourth quarter of 2017 while taking in $ 2.26 billion in revenue, according to The Wall Street Journal and other media outlets that have reviewed a privately held financial statement. By comparison, Uber reportedly lost $ 1.46 billion during the third quarter.

The quarterly figures come less than a week after Uber settled what could have been a very expensive lawsuit brought by Waymo. The fact that Uber’s revenue has continued to grow despite an expanding list of setbacks and scandals last year may suggest that the company hasn’t been significantly impacted overall.

For the entire year of 2017, Uber sustained a loss of $ 4.46 billion on sales of $ 7.36 billion.

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Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.