Despite the growing popularity, the Uber accounts do not seem to follow the same path. The company has created a mobile application that allows you to call a car and driver had losses of around billion euros (1.27 billion dollars) in the first six months of the year.
The Uber not it is listed on the stock exchange and the numbers are revealed by Bloomberg, who had access to the information disclosed to investors during a conference. On Friday, the financial director of Uber, Gautam Gupta, will advance the technological accentuated losses in the second quarter and failed to maintain the positive results in the United States, where in the first quarter had achieved profits.
according to Bloomberg, between January and February, the Uber had losses of $ 520 million (EUR 460 million) before interest, taxes, depreciation and amortization. Within three months the amount skidded and exceeded $ 750 million, including a drop of one hundred million only in the US, where the company was founded seven years ago
While trying to tread markets and face legal battles to enforce its innovative business model, Uber has accumulated losses. By Bloomberg accounts the value comes close to 4000 million dollars from the foundation.
Despite not making money, between the first and second quarter, revenues from car reserves increased from 3800 million to more than 5000 million, or 32%. Net revenues increased by about 18% from 960 million to 1100 million in the same period.
During the conference with investors, the Uber explained that the commissions given to motorists by service explain the heavy losses. official company source did not comment on the data.
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