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Uber Revenue Growth Slows, Losses Persist as 2019 IPO Draws Near

Uber Technologies Inc.’s revenue growth slowed and losses persisted in the fourth quarter, casting a possible shadow over the ride-hailing giant as it prepares for a public offering this year.

Losses were down 15 percent for the full year over 2017, but still reached an adjusted $1.8 billion. That could pose a challenge to investors trying to figure out Uber’s value in the public markets. Last year, bankers vying to lead the company’s initial public offering told Uber the market could value it at $120 billion. News that the company is still burning through more than $1 billion annually may give some investors pause.

Like many unicorns, San Francisco-based Uber is emphasizing growth over profits. The company is investing aggressively in food delivery, logistics, electric bikes and self-driving cars. Last year, Uber bought Jump Bikes to help with its new mobility efforts, and it has a $1 billion budget for such projects this year.

Despite those investments, in the fourth quarter sales didn’t grow as fast as they have in the past. Of the $11.4 billion in net revenue the company generated in 2018, $3 billion came in the last three months of the year, up only 2 percent from the previous quarter. That puts the company’s year-over-year quarterly growth rate at 25 percent. That’s high by many standards, but significantly lower than Uber’s third quarter year-over-year growth of 38 percent -- a growth rate that was itself only about half the rate of six months prior.

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IDFIMH

for a company that big mere pocket change

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Taxis Are Public Transport too

Join the campaign to get April fools jokes banned for 364 days a year !

But Uber want to show the financial numpties that have, or will, invest in them that at some time they might get some money back.

IMO they have a long time to wait.

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IDFIMH

Blame Brexit