Because it gears up for IPO uber Shows finances

Uber is supplying a look in the lead-up to its hotly anticipated debut in the stock exchange.

Documents released Thursday offered the most comprehensive perspective of the world’s biggest service a few years ago. The unveiling comes four months after Uber took its first step a filing that is confidential.

The breakdown shows Uber has been producing the robust earnings increase that amuses investors, but also racked up nearly $8 billion in losses since its beginning.

Uber’s revenue totaled $11.3 billion in 2018, a 42% growth from $7.9 billion in 2017.