Uber reached $20 billion in bookings and $6.5 billion in revenue last year, but it ended up with a $2.8 billion loss. The loss is fairly large, though Uber’s expenses have helped it stay far ahead of Lyft.
We’re fortunate to have a healthy and growing business, giving us the room to make the changes we know are needed on management and accountability, our culture and organization, and our relationship with drivers, – Rachel Holt, Uber
The loss figure excludes Uber’s Chinese business, which was sold part way through the year. That business was losing $1 billion a year and Uber ended up selling it to Didi Chuxing.
