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Uber Lost More Than $800 Million in Third Quarter 2016

File photo

File photo

In the previous quarter the company's loss significantly exceeded $800 million, including its Chinese operations.

Privately held ride-hailing company Uber Technologies Inc [UBER.UL] lost more than $800 million in the third quarter, Bloomberg reported.

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The company's $800 million in losses did not include its operations in China, Bloomberg said, citing a person it said was familiar with the matter.

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In the previous quarter the company's loss significantly exceeded $800 million, including its Chinese operations, Bloomberg said.

Uber generated about $1.7 billion in net revenue in the third quarter, up from $1.1 billion in the previous quarter, Bloomberg reported.

The company is on track to surpass $5.5 billion in net revenue in fiscal 2016, Bloomberg said.

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Uber did not immediately reply to a request for comment.

first published:December 20, 2016, 08:25 IST