Leaked numbers show Uber generated more money in the third quarter of 2015 than it did in all of 2014

travis kalanick uberChris Ratcliffe/Bloomberg via Getty Images

Uber’s losses are mounting, but its revenues are growing too, according to a new report from Bloomberg’s Ellen Huet and Eric Newcomer. 

In Q3 of 2015, Uber lost $697 million — outstripping its $498 million in net revenue, according to the report. 

But, if you compare it to figures from previous financial quarters, released by The Information, then it shows Uber’s revenue in Q3 of 2015 eclipsed what it made in all of 2014. 

Here’s a recap of the financials:

  • Net revenue: In the third quarter of 2015, Uber generated $498 million. That’s more than the $495.3 million it generated in all of 2014, according to The Information. (Net revenue measures the amount of money the company keeps after paying drivers their cut.)
  • Losses: Uber lost $697 million in the third quarter of 2015. In 2014, its losses reached $671.4 million. 

The $1.7 billion in losses over the first three quarters of 2015 is still staggering against its $1.2 billion in revenue over the same period.

Uber did not respond to a request for comment.

Read the full Bloomberg report here>>

NOW WATCH: The insanely successful life of Uber billionaire Travis Kalanick

See Also:

SEE ALSO: GrubHub stock hits an all-time low after Uber announces food delivery app

from Business Insider http://read.bi/1K0cMsl

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s