Uber growth slowed and losses widened between Q2 and Q3, as company expands into new businesses
https://www.cnbc.com/2018/11/14/uber-earnings-q3-2018-self-reported.html
Uber's losses ticked up to nearly $1 billion during the third quarter and annualized growth is continuing to slow, according to the private company's self-reported financials for Q3.
The news comes ahead of the company's anticipated IPO next year, which some bankers are saying could value the company at $120 billion, well over its last reported private valuation of $62 billion. The company's slowing growth could be attributed to Uber's rapidly diversifying business, including expansion in its food delivery service, Uber Eats, and new transportation offerings like bikes and scooters.