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Uber’s London Hub Almost Doubled in Size Before Ban

  • Ride-hailing app’s revenue in London jumped by 59% in 2016
  • Company continues to operate during appeal of London ban
Bloomberg business news

Why London Has Banned Uber

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Uber Technologies Inc. increased revenue, headcount and profitability for its London operations hub before its license was revoked last month in a surprise move by regulators.

Revenue for Uber London Ltd. rose to 36.9 million pounds ($49 million) in 2016, up 59 percent compared with the previous year, according to its latest U.K. company accounts. Profit before tax climbed 65 percent to 3 million pounds, while the average number of monthly employees grew to 199, up 90 percent.