Uber IPO is likely to come in second quarter of 2019

February 17, 2019 | Investopaper

Uber filed for an initial public offering (IPO) in December, which may come in the second quarter in 2019.

Uber Technologies, Inc. provides car hire services through its e-commerce platform. The Company’s website and application allow consumers to request a car for hire from any mobile device.

Uber Technologies Inc. had $50 billion in total bookings for its ride-service and food-delivery businesses last year.

The revenue of Uber in the fourth quarter was $3 billion. This is a rise of 24 percent from the corresponding previous year and  2 percent from the third quarter.

The total revenue of Uber in 2018 was $11.3 billion. This is 43 percent higher than the previous year. In 2018, Uber’s losses before taxes, depreciation, and other expenses were $1.8 billion which is less than the $2.2 billion loss posted in 2017.

“Last year was our strongest yet, and Q4 set another record,” said the Uber Chief Financial Officer Nelson Chai.


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