The company earned almost $11.1 billion in gross revenue in Q4 2017, up by $1.4 billion from Q3 2017 and almost double the figure from Q4 2016.
And because Uber is the highest-valued startup in the world, at $72 billion, anxious investors want to get their hands on Uber stock as soon as possible.
Uber's loss was mainly based on accepted accounting standards, which includes write-downs and significant legal expenses. I think that helped us get to the settlement'.
The 61% increase in losses for the fast-expanding and controversial company came at the same time as revenues surged by 85% to $37bn.
US, Turkey to 'work together' in Syria after crisis
Tillerson has also urged the release of Turkish citizens who have been caught up in the post-coup crackdown. Turkey considers it a "terrorist" group linked to Kurdish rebels fighting inside Turkey.
Overall, its annual bookings rose to $37 billion in the previous year, with a full-year net revenue of $7.5 billion. Uber concluded the year with about $6 billion in cash, 13 percent less than the year before.
As Uber worked to recover from series of scandals at the end of 2017, it's financial situation also stabilized. It was the first full quarter under Dara Khosrowshahi, who took over the troubled business in September. This ride-hailing company Uber has suffered allegations and fines from different regulatory authorities for misleading them and hiding information which was supposed to be disclosed voluntarily by the organization. The San Francisco-based company has raised approximately $19 billion in funding and has a blended valuation of $54 billion, making it the biggest venture-backed technology enterprise without a stock listing.
The investment served as a part of the firm's plan to reform its board structure, as it prepares to go public next year. This attitude is clearly visible in the previous business practices and approaches adopted by the ride-hailing company since its introduction in the USA and other potential markets.
The job is proving to be even more hard than Khosrowshahi anticipated five months ago after Uber lured him away from online travel agency Expedia to replace its embattled co-founder, Travis Kalanick, as CEO. The position has been empty for many years now.