Connect with us

Hi, what are you looking for?

Jewish Business News


Uber’s Loss-Making Ride-Hailing Business

While Uber has spent much of 2017 entangled in legal battles or managing negative publicity surrounding its allegedly sexist and overall toxic company culture, the company’s ride-hailing business continues to grow, albeit at a loss.

According to results shared with The Information, Uber’s gross bookings, i.e. total fares charged to Uber users before drivers get their cut, grew by 61 percent year-over-year to more than $11 billion in the fourth quarter of 2017. As our chart illustrates, Uber’s take is much lower than that though, with actual net revenue amounting to roughly a fifth of gross bookings after drivers have taken their sizeable cut.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

What may be worrying to Uber’s shareholders is the rate at which the company loses money. In the past three quarters, the market leader in the U.S. ride-hailing sector lost a whopping $3.6 billion. It’ll be interesting to see how Uber will go about stopping to hemorrhage money since the two main levers for doing so, increasing fares and lowering driver payouts, would probably do significant harm to the company’s growth prospects.

Infographic: Uber's Loss-Making Ride-Hailing Business | Statista You will find more infographics at Statista



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.