of 2.2 billion dollars – so, after nine months of 2016 is the loss of the company Uber Technologies. Only in the third quarter, the company, whose app connects passengers with drivers, has recorded more than $ 800 million starts. At the same time the valuation of the company grows.
the Loss of Uber is growing from quarter to quarter. Also the last message did not bring good news for the company’s management. Now, after another three months of this year, the deficit has grown to $ 2.2 billion – recently about $ 800 million.
the American automobile concern General Motors (GM) announced what begins tes… read more “
Chinese swoop
moreover, this result does not take into account the company’s activities in China, where in recent years Uber “bleed”, fighting on prices with Didi Chuxing. The power of the American company, seeing that they will not win with the Chinese competitor sold him his share and have teamed up to jointly work on the Russian market.
Although the agreement of merger suggests that Uber has 17.7 percent. participation in the profits, but we know that the conquest of China was very expensive. Exactly what was the loss? Not known, but Uber CEO Travis Kalanick delivered in the beginning of this year, and so, even before dogadaniem with Didi that the company spends on activities in China more than a billion dollars a year.
Uber is in trouble, and also in the domestic market. His work continues to generate losses, also in the United States. However, in the first quarter of this year, the company recorded a small profit, but lost $ 100 million. In the third quarter due to severe competition from American rival company Lyft, the loss has deepened and amounted to $ 150 million.
Investing
To increase the loss of Uber, of course, has also contributed to numerous investments. The American company last year firmly entered the development of technology Autonomous cars, and about 680 million dollars bought a stake in the company Otto, specializing in the construction of systems of Autonomous driving trucks.
a half billion dollars claimed, and the investment in the project to create their own cards. Thus, Uber wants to become independent from Google maps that currently use its driver.
More income
Despite the growing losses at the same time growing the revenue of Uber. This is the amount of pure company earns after paying wages to their drivers.
we already Know that after three quarters, net income amounted to 3,76 billion dollars, and according to Bloomberg, during the year he needs to exceed 5.5 billion dollars.
Uber is not a standard public company listed on the stock exchange, therefore, is not obliged to publish its financial results. His rating is estimated based on the amounts that investors are willing to pay for the shares of the company in subsequent rounds of financing. In recent years, this rating has increased from 68 billion dollars last year to 69 billion USD currently. According to Bloomberg, that’s more than General Motors and Twitter combined.
Uber in Poland
Uber is a provider of mobile application that is associated with drivers and riders. The company operates in more than 500 cities worldwide, including 9-over-the Vistula. Every month the app on your smartphone, receives in Poland, about 40 thousand. people, and hundreds of thousands actively using the application and with its help, orders the passage.
we Asked the Polish branch of Uber review about the latest financial results of the company, but we heard that the company “does not comment on these messages.”
Uber customer carries also in Pittsburgh. Watch video:
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