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Uber posts $2.8Bn loss in 2016, revenue at $6.5 billion

Uber posts $2.8Bn loss in 2016, revenue at $6.5 billion

Saturday, April 15, 2017, 12:04 PM

Ride-hailing service Uber 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 the 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.
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