In 2017, Uber's revenue stood at $7.9 billion, up ~106% YoY, and it rose to $11.3 billion in 2018, a rise of ~42%.
Cash-paid trips, a feature that Uber first tried in India, accounted for about 13 per cent of the ride-hailing platform's $50-billion global gross bookings in 2018, the company disclosed in its initial public offer (IPO) filing released Friday.
One advantage Uber will likely seek to play up to investors is that it is the largest player in numerous markets in which it operates.
With an estimation of 10 billion dollars for Uber IPO, Uber is said to be the biggest public offer in the market in 2019.
The big picture: Early estimates suggest Uber could be prepared to raise as much as $10 billion.
The company is seeking a valuation of between $90 billion and $100 billion, as was previously reported Reuters. In 2018, revenue grew by 42% to $ 11.3 billion compared with this figure a year earlier.
"In my opinion if you are buying into Uber or Lyft you're buying into a belief this is going to revolutionize transportation in the future".
Lyft conquer Uber into the stock market a month with an IPO that raised $2.3 billion, but its shares have been backsliding after an early run-up. However, Uber didn't forget to highlight its huge losses in its IPO prospectus, saying it had "incurred significant losses since inception".
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Outside the US-Canada combine, according to the miles of rides covered, Europe is the largest market (271 million) for Uber followed by Latin America (94 million), Japan/South Korea (79 million), and Middle East & Africa (74 million).
Uber have fallen behind slightly in the race to create self-driving cars. "Our revenue is dependent on the pricing model we use to calculate consumer fares and driver earnings", said the company.
The decade-old company also warned that it may fail to develop and successfully commercialise autonomous vehicle technologies and expected that its competitors would develop such technologies before it. Uber notes that Waymo has already introduced a limited ride-hailing service in Arizona, and concedes that other competitors could launch similar services before Uber can do the same. The company has high hopes for the new service as it readies to take on Netflix and Amazon in the streaming industry.
Uber is also expanding in other markets such as freight while offering other ways to get around with shared scooters and bikes. The setbacks have contained uncontrolled sexual harassment and allegations it destroys self-driving vehicle technology.
But now many of those people stand to make millions - if not billions - of dollars as the company roars onto the stock exchange.
The blowback from the problems helped Lyft pick up ground in the US - something Uber acknowledged in its filing - and led to the ouster of Uber co-founder Travis Kalanick as CEO in 2017.
But the company is trying to put the Kalanick era behind it, and that's clear in the filing.
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