Pummeled by scandal, Uber hit with $4.46B in losses during 2017

 arstechnica.com  2/15/2018 12:30:59 AM   Cyrus Farivar
Enlarge / Dara Khosrowshahi, seen here in 2013, has been Uber's CEO since September 2017.

According to recently-released financial numbers, Uber lost $1.1 billion during the fourth quarter of 2017, while taking in $2.26 billion in revenue, according to the Wall Street Journal and other media outlets that have reviewed a privately-held financial statement. By comparison, Uber reportedly lost $1.46 billion during the third quarter.

The quarterly figures come less than a week after Uber settled what could have been a very expensive lawsuit brought by Waymo. The fact that Uber's revenue has continued to grow despite an expanding list of setbacks and scandals last year may suggest that the company hasn't been significantly impacted overall.

For the entire year of 2017, Uber sustained a loss of $4.46 billion on sales of $7.36 billion.

In a call with investors on Tuesday, CEO Dara Khosrowshahi said that the company’s food delivery service, known as UberEats, had hit $4 billion in gross revenue—or about 10 percent of Uber’s business, according to Bloomberg. Khosrowshahi is expected to take the company public next year.

Uber did not immediately respond to Ars’ request for comment.

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