Uber Had $3.03B 2018 Operating Loss on Sales of $11.27B, Says IPO Filing

Uber’s “continued success will come from stellar execution and the strength of the platform we have worked so hard to build,” said CEO Dara Khosrowshahi in an initial-public-offering SEC filing Thursday to raise $1 billion. Uber’s engineering and product teams “are solving some of the most difficult problems at the intersection of the physical and digital worlds,” he said. Uber’s 2018 revenue jumped 42 percent from 2017 to $11.27 billion and was 193 percent higher than 2016's $3.8 billion, said the filing. It had a $3.03 billion operating loss in 2018, 26 percent lower than in 2017, it said. Ex-Facebook executive Matt Cohler, general partner in venture capital firm Benchmark, is Uber's largest individual shareholder with 11 percent of the stock, it said.