Uber IPO 2019 News: Here Are the Financial Numbers with Revenue, Income, Consumer Metrics and Growth Rate

After Uber’s main rival, Lyft, under the thicker (LYFT) went public in a debut on March 29th, 2019, Uber submitted a public filing for their own IPO only two weeks later, however, unlike Lyft that decided to go public on Nasdaq exchange, Uber announced getting a listing on New York Stock Exchange.

The company also published financial reports for several quarters back, and after being evaluated at 120 billion dollars presenting one of the biggest IPOs by far, Uber will go ahead with the public debut at a lower estimate between 90 billion and 100 billion dollars.

Uber is looking to raise around 10 billion dollars through their IPO, while the company should most probably go public in May 2019.

Uber IPO 2019 Revenue, Income, Consumer Metrics and Growth Rate

In oppose to 7.93 billion dollars that Uber reported in revenue for 2017, the company recorded increases in generating revenue by reporting 11.27 billion dollars for 2018.

Additionally, Uber posted a net income of 997 million dollars for 2018, altogether recording loss of 1.85 billion dollars, while the ridesharing giant managed to attract 91 million monthly active platform users for the fourth quarter of 2018 which means that the number of platform users increased by 35% in oppose to 2017.

During the fourth quarter, Uber saw 1.49 billion trips being completed through the company in the last quarter of 2018 alone, counting shared rides and not users, alongside recording increases in terms of number of rides when compared to 1.09 billion rides recorded in 2017.

When it comes to gross bookings, Uber seems to have promising metrics here as well, given the fact that the company reported 9.19 billion dollars in gross bookings for 2017, generating 11.48 billion dollars in 2018 under the mentioned metric.

Moreover, Uber is showcasing more than a promising growth rate which is why the company has shareholders such as Alphabet (GOOG), interested in Uber’s shares with Alphabet holding 5.2% stake in the company.

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