Uber Revenue Slows As Q3 Loss Surges To $1.1 Billion Ahead Of 2019 IPO [Investor's Business Daily]
Toyota Motor Corporation (TM)
US:NYSE Investor Relations:
toyota-global.com/investors
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Source: Investors Business Daily
Related news Uber's sales are dramatically slowing even as the ride-hailing company is spending more to fuel global growth, particularly in its food delivery business. Revenue growth of 38% in the third quarter was almost half of what the growth rate was six months earlier, when the company was negotiating a $9.3 billion investment led by SoftBank Group Corp. X That's a troubling sign for a serially unprofitable business that hopes to get valued like a technology company in a planned initial public offering next year. Uber Technologies lost $1.07 billion in the quarter ended Sept. 30, an improvement over a year ago, but the loss widened 20% from the second quarter. Highly valued companies typically grow quickly or generate big profits -- and great ones do both. In the fourth quarter of 2005, Amazon ( AMZN ) had about the same revenue as Uber's today -- just under $3 billion, not adjusted for inflation. Yet, Amazon earned $199 million in profit and was worth about a fourth of U
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