Uber Sales Growth Slows Further as IPO Nears

The ride-hailing company is aiming for a float that could value it at as much as $120 billion.

Greg Bensinger

Feb. 15, 2019 1:00 p.m. ET

As it steers toward a planned initial public offering later this year, Uber Technologies Inc. is hitting a bumpy patch on sales.

The ride-hailing company said Friday that fourth-quarter revenue rose 25% from a year earlier to $3.02 billion.

While rapid by the standards of most businesses, the pace was the slowest since Uber began disclosing...