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Uber Q4 loss narrows 28% to $1.1 billion; settles dispute with Waymo

The ride-hailing company's quarterly revenue rose 11.8 per cent to $2.2 billion from its previous quarter,

Reuters 

Uber Technologies Inc narrowed its fourth-quarter loss to $1.1 billion from a loss of $1.46 billion in the previous quarter, a person familiar with the matter told Reuters. The ride-hailing company's quarterly revenue rose 11.8 per cent to $2.2 billion from its previous quarter, the source said. Uber has gone on to raise more than $14 billion in new funding and last month closed a deal with SoftBank Group Corp in which the Japanese conglomerate, along with other investors, took about a 17.5 per cent stake in the company. Silicon Valley-based Uber's quarterly gross ...

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First Published: Wed, February 14 2018. 07:04 IST
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