Uber Lost More Than $800 Million in Third Quarter 2016
Uber Lost More Than $800 Million in Third Quarter 2016
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.Read more: UberSHAAN: Uber Launches Initiative, Urges Ex-Servicemen to Join as Driver Partners

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.

Uber did not immediately reply to a request for comment.

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