Uber is on track to take in $10.8 billion in global bookings this year, and the ride-hailing company expects that figure to rise to $26.1 billion in 2016.
That’s according to a presentation that Uber reportedly gave to potential investors and that was obtained by Reuters. Using those numbers, Reuters calculated that Uber’s 2015 revenue will total approximately $2 billion.
Uber, which operates in around 50 countries, takes a 20% cut from each ride booked through its mobile app system.
Additionally, Uber is looking to go public in the next 18 to 24 months, according to the presentation. Speculation has been rampant about this, but the company hasn’t officially given a time frame for an IPO.
During an interview in July with Bloomberg TV, CEO Travis Kalanick indicated there weren’t any plans to take the company public because Uber wasn’t having difficulties attracting private investors.
The presentation obtained by Reuters is undated, but includes data from as recently as June.
While the presentation doesn’t say whether or not Uber is profitable nor does it list expenses, it does show a surge in bookings over the years. Bookings came in at $2.91 billion last year, and at $687.8 million in 2013. If these numbers are correct, Uber’s estimated booking figures for 2015 will be more than triple what they were last year.
But even with bookings soaring, Uber has reportedly been losing a lot of money, according to recent articles from Gawker and Bloomberg.
Uber didn’t immediately reply to a request for comment. The company may also see its bottom line affected by moves to reclassify drivers from contractors to employees, regulation issues in Europe and criticism of its driver vetting process.
IDG News Service
Subscribers 0
Fans 0
Followers 0
Followers