Uber Technologies reported an adjusted net loss of a whopping $2.8 billion even after a phenomenal year. The cab-hailing service provider’s booking was greatly increased, doubled to be exact, last year at $20 billion but still manages to dwindle down. The loss excludes its China operations, which was sold around mid-2016. This is the first time the company opened its financial performance to the public.
According to recent news, the company tallied net revenue is around $6.5 billion, excludes their Chinese operations. The company released its quarter reports for the first time, but despite the loss, Uber can still post positive outlooks entering 2017 as the doubled booking provides a silver lining.