In Q4 2018, gross bookings—the amount Uber collects before paying drivers—went up 11 per cent quarter-over-quarter to US$14.2 billion. Uber also has US$6.4 billion in unrestricted cash. The company’s total revenue was up 25 per cent from Q4 2017, down from its 38 per cent year-over-year growth in Q3. (TechCrunch)
Skip to content
In Q4 2018, gross bookings—the amount Uber collects before paying drivers—went up 11 per cent quarter-over-quarter to US$14.2 billion. Uber also has US$6.4 billion in unrestricted cash. The company’s total revenue was up 25 per cent from Q4 2017, down from its 38 per cent year-over-year growth in Q3. (TechCrunch)
Talking point: Uber continues to have a large reach—it had US$50 billion in total bookings for its ridesharing and food delivery services, a YoY increase of 45 per cent—but its revenue grew just two per cent from the previous quarter. The report should be good news for Lyft, which is also seeking an IPO. Lyft will leverage its fast growth to attract investors; its market share is approaching 40 per cent in the U.S., an increase from 35 per cent in early 2018.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
Subscriber Survey
Half of you think AI tools belong in the classroom
Briefing
Barton appointed chair of Canada investment agency as it takes a bigger role in luring capital
Invest in Canada CEO resigns in run-up to international investment summit
GM to invest about $360M more in Canada and return Sierra truck production to Oshawa
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
