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As reported previously, Uber yesterday, filed for its S-1 class IPO with the SEC. The company plans to list itself with the New York Stock Exchange, and will trade under the symbol “UBER”. And by all means, this is the most talked about and financially one of the biggest IPOs in the history of tech IPOs.

In the filing, Uber reported 2018 revenues of $11.27 billion, net income of $997 million and adjusted EBITDA losses of $1.85 billion. In terms of other numbers, most of them were revealed by the company in its latest financials disclosed in February this year.

On an adjusted, pro-forma basis, the company had reported a net loss of $768 Million, an improved performance compared to the previous quarter. Uber had reported a pro-forma net loss of $939 million in the preceding, third quarter of 2018. Uber’s adjusted EBIDTA losses stood at $842 million, which represents a 88 percent increase Y-o-Y and a 60 percent increase Q-o-Q. In the preceding quarter, Uber’s adjusted EBIDTA losses came in at $527 million.

Revenues continued to grow though, with the company touching $3 Billion in the final quarter of 2018. This accounts to a 2 percent increase when compared with previous quarter. The gains, though slender, are crucial considering that the company is looking to go for an IPO this year. Gross bookings also went up by 11 percent to $14.2 Billion. This is the amount that the company gets upfront, before paying up the drivers. Revenues totaled $11.27Bn in 2018 as per the filings.

Year over year, Uber’s gross bookings increased 37 percent and revenue increased 24 percent.

On an year over year basis, gross bookings increased by as much as 45 percent to touch $50 Billion in 2018. The impact showed in GAAP revenue, which increased by 43 percent, from 2017 to $11.3 billion. Losses did decline by close to $400 Million in adjusted EBITDA. They were $2.2 Billion in 2017 and stand at $1.8 Billion in 2018. Again, slim improvement, but signs are overall good considering the crucial IPO year.

In terms of the money that Uber is looking to raise, it will be $10Bn. Valuation is still a question. It is also unclear as to who are the shareholders who will get most of the money from this IPO. According to company’s share-holding pattern though, Travis Kalanick is third largest shareholder with 8.67% of the company still with him. Other major shareholders include Google-parent Alphabet and SB Cayman 2 Ltd.

Uber’s IPO is being watched closely, largely because of how Lyft has continued to falter post its IPO last month. Uber’s biggest competitor in the US, Lyft is trading much below its IPO price, which are never good signs for a company, leave alone a company as new on the market as Lyft.

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