The US group lost 1.07 billion dollars (946 million euros) over the period July-September, 20% more than in the second quarter but 27% less than in the corresponding period last year ; the third quarter of 2017 was marked by the worst result in its history after the departure of its co-founder and former managing director Travis Kalanick.
Adjusted quarterly loss before financial charges, taxes, depreciation and amortization amounted to $ 592 million, compared to $ 614 million in April-June and $ 1.02 billion in the third quarter of 2017.
Chief Financial Officer Nelson Chai, who has been in the position since September after three years of vacancy, spoke of “a strong new quarter”.
Gross bookings were $ 12.7 billion in the third quarter, up 6% quarter over quarter and 41% year-over-year.
Their quarterly growth was close to 30% at the end of 2016 and remained above 10% in each of the four quarters of 2017.
Revenues, at $ 2.95 billion, increased 5% over the second quarter and 38% year-on-year. On April-June, its annual growth was 63%.
Since arriving at Dara Khosrowshahi’s general management a little over a year ago, Uber has withdrawn from several foreign markets where he has suffered heavy losses and some expensive activities, such as autonomous trucks.
At the same time, the Japanese conglomerate SoftBank completed a 15% stake in January, concluded under an agreement to launch an IPO procedure by Uber no later than September 30, 2019.
The US company could advance this marketing in the first half of next year in the hope of benefiting from better market conditions and ahead of his great American rival, Lyft, according to sources close to the case.
Uber Eats, a meal delivery subsidiary, reported $ 2.1 billion in shopping for the third quarter, up 150% year-over-year.
