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Uber recorded a loss of more than $ 1 billion (£ 780 million) in its last quarter, as growth in bookings continued to slow in anticipation of its IPO next year. .
The San Francisco-based carpool company, valued at $ 76 billion, is under pressure to improve its financial performance prior to the IPO. It lost $ 1.07 billion in the three months to September, an increase of 20% from $ 891 million in the previous quarter.
The company, which has never made a profit, could aim for a valuation of $ 120 billion when it will be listed on the New York Stock Exchange next year, three times over the year. value of Ford automaker. Uber counts the Japanese bank SoftBank and the royal family of Saudi Arabia among its main investors.
The latest quarterly loss is down more than a quarter from last year, when the company posted its biggest quarterly loss after Uber co-founder and chief executive Travis Kalanick had left.
Bookings increased 6% from the previous quarter to $ 12.7 billion. They recorded single digit growth for the third consecutive quarter. Growth slowed significantly from last year's double-digit rates and was close to 30% growth at the end of 2016. Revenues rose 5% to $ 2.95 billion.
Faced with this slowdown in business over the past decade, Uber is accelerating its expansion into the delivery of food, called Uber Eats, as well as the transportation of goods, electric bicycles and scooters. Under the general direction of Dara Khosrowshahi, who succeeded Kalanick, Uber also withdrew from some markets where he suffered losses.
Nelson Chai, Uber's chief financial officer, who joined a three-year vacancy in September, said: "We had another strong quarter for a company of our size and global reach.
"In the perspective of an IPO and beyond, we are investing in the future growth of our platform, particularly in the areas of food, freight, e-bicycles and consumer goods." scooters, as well as high-potential markets in India and the Middle East, where we continue to strengthen our leadership. position."
However, the company could be forced to merge with rivals in India and the Middle East. Uber and the Ola Indian company are both supported by SoftBank, which is Uber's largest shareholder with a 15% stake. The investment was accompanied by a requirement that Uber file an IPO by September 30, 2019.
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