Uber Posts Fourth-Quarter Loss of $1.1 Billion on Higher Sales
Ride-hailing firm’s revenue rose 12% to $2.26 billion from three months earlier
Uber Technologies Inc. continued to boost ridership and revenue throughout last year, despite a punishing stretch that included a sexual harassment scandal, the resignation of its longtime chief and a blockbuster lawsuit from its primary rival in self-driving vehicles.
The San Francisco company said revenue rose 12% in the fourth quarter to $2.26 billion from three months earlier while its loss narrowed to $1.1 billion, according to a detailed financial statement reviewed by The Wall Street Journal on Tuesday.
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