Uber's loss jumped 61 pc to $four.5 billion in 2017

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Mr Khosrowshahi began reigning in costs after he took over as Uber chief late a year ago, replacing ousted co-founder Travis Kalanick.

Uber CEO Dara Khosrowshahi is focused on cutting the company's massive losses and "getting the love back" after a year of damaging revelations about the ride-hailing service's sometimes heartless treatment of its employees, drivers, regulators and rivals.

2017 was hardly a banner year for Uber, but the business did see some growth.

Uber prefers using a different number when it refers to its loss, which is says is $2.2 billion, but that figure does not include some of its legal costs as well as compensation that is stock based, taxes, interest and other types of expenses. However, the ride-hailing business posted a loss of $4.5 billion. Revenue during that stretched climbed about 14 percent to $11.1 billion from $9 billion. Uber isn't a public company, so it isn't required to disclose financial information. The fact that Uber's revenue has continued to grow despite an expanding list of setbacks and scandals past year may suggest that the company hasn't been significantly impacted overall. He also helped to pave the way for a $10 billion investment deal with Softbank, the Japanese technology investor, that changed Uber's corporate structure and reduced Mr Kalanick's influence.

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However, in the fourth quarter, which was CEO first full period at the helm, Uber's loss narrowed to $1.1 billion from $1.46 billion in the third quarter. But how well Uber's stock fares on Wall Street will likely be tied to whether the company proves it can make money - something it isn't close to doing now.

Uber is paying $245 million to Google's self-driving vehicle spin-off to end a legal brawl that aired out allegations of a sinister scheme that tore apart the once-friendly companies.

Gross revenue for Q4 sits at close to $11.1bn, an increase of close to $1.4bn over Q3 of 2017 and almost double that of the final quarter of 2016, which saw the company report $6.9bn in revenue.

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