Operations

Leaked Doc Shows Uber Nearing $2 Billion In Revenue

Posted on August 21, 2015

Uber projects it will process $10.84 billion in bookings in 2015, based on an investor presentation leaked to Reuters. Since Uber takes a 20 percent cut of each ride, that means it will bring in roughly over $2 billion in revenue.

Its 2016 projection numbers are nearly triple that, showing $26.12 billion in payments processed, which is a little over $5 billion in revenue. The document also showed that Uber is aiming for an IPO within 18 to 24 months.

Full story at recode.net.

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