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The Wall Street Journal: Uber narrows losses to $1.1 billion as fourth-quarter bookings rise

Uber Technologies Inc. continued to boost ridership and revenue throughout last year, despite a punishing stretch that included a sexual harassment scandal, the resignation of its longtime chief and a blockbuster lawsuit from its primary rival in self-driving vehicles.

The San Francisco company said revenue rose 12% in the fourth quarter to $2.26 billion from three months earlier while its loss narrowed to $1.1 billion, according to a detailed financial statement reviewed by The Wall Street Journal on Tuesday.

The privately held company isn’t obligated to disclose financial results publicly, and didn’t provide year-ago comparisons. Uber did provide results for all four quarters of the year, showing sales rising at least 10% between each three-month period.

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