Sign up for our free daily newsletter


Get the latest news and some fun stuff
in your inbox every day

Uber Q4 Numbers

We've been writing about Uber a lot lately because of their imminent listing on the Nasdaq stock exchange. On Friday, news emerged that Uber generated $14.2 billion in bookings of which $3 billion was revenues for the quarter ended on the 31st of December. Bookings include ride hailing, UberEats orders, and other ad hoc Uber services.


The gross bookings and revenue numbers are up year-on-year, however, this was Ubers slowest growth rate in 2018 as both numbers decelerated. Uber made a $865 million loss for the quarter, a huge improvement from a $1.07 billion loss in the third quarter of 2018.


The deceleration in revenues could be a cause for concern for prospective investors since the ride-hailing giant has filed to list soon. The big issue is that Uber doesn't segment their reporting, which then makes it hard to pin down the cause for the deceleration in growth, but if I had to guess I'd say ride-hailing.


Every single country basically has Uber or a knock-off of the ride-hailing app with competitors like Lyft in North America, Taxify in Europe, Snapp in Iran, and Grab in South East Asia. I am keen to see what the next big growth segment will be for Uber going forward.


Other recommended stocks     Other stories about UBER