Uber lost more than $800 million in third quarter 2016: Bloomberg

    Privately held ride-hailing company Uber Technologies Inc lost more than $800 million in the third quarter, Bloomberg reported on Monday.
    By: SAN FRANCISCO
    | Updated on: Dec 20 2016, 16:24 IST
    Privately held ride-hailing company Uber Technologies Inc lost more than $800 million in the third quarter, Bloomberg reported on Monday.
    Privately held ride-hailing company Uber Technologies Inc lost more than $800 million in the third quarter, Bloomberg reported on Monday. (Reuters)
    Privately held ride-hailing company Uber Technologies Inc lost more than $800 million in the third quarter, Bloomberg reported on Monday.
    Privately held ride-hailing company Uber Technologies Inc lost more than $800 million in the third quarter, Bloomberg reported on Monday. (Reuters)

    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.

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    First Published Date: 20 Dec, 16:14 IST
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