Uber is providing a look under the hood of its
business in the lead-up to its hotly anticipated
debut on the stock market, revealing strong
growth but an ongoing struggle to overcome
huge losses and repair its reputation.
Documents released this week offered the most
detailed view of the world’s largest ride-hailing
service since its inception a decade ago.
The massive filing shows Uber has been
generating the robust revenue growth that
entices investors, but also racked up nearly $8
billion in losses over its 10 years in existence,
which mirrors the same trend challenging Lyft,
Uber’s main rival in the U.S.
Uber’s revenue totaled $11.3 billion in 2018, a
42% increase from $7.9 billion in 2017, and a
giant leap from $495 million in 2014.