Uber growth slowed and losses widened between Q2 and Q3, as company expands into new businesses

Uber’s losses ticked up to nearly $1 billion during the third quarter and annualized growth is continuing to slow, according to the private company’s self-reported financials for Q3.

The news comes ahead of the company’s anticipated IPO next year, which some bankers are saying could value the company at $120 billion, well over its last reported private valuation of $62 billion. The company’s slowing growth could be attributed to Uber’s rapidly diversifying business, including expansion in its food delivery service, Uber Eats, and new transportation offerings, such as bikes and scooters.

Here are the numbers:


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