Uber’s third-quarter loss expands to $743 million

Big 5

Uber’s quarterly adjusted losses widened to $743 million, up 14 percent from the previous quarter. The ride-hailing company’s third-quarter net revenue stood at $2 billion, up 14 percent from the previous quarter, according to new documents sent to shareholders.

Uber’s quarterly gross bookings were $9.7 billion, the FT reported.

Uber was not immediately available to comment.

source: CNBC