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Uber Quarterly Sales Rose 61% to $2 Billion Amid Heavy Loss
Uber Grew in 2017 Despite $4.5 Billion Loss
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Uber Technologies Inc. had a painful 2017, but the business managed to grow.
Adjusted net revenue last quarter increased 61 percent to $2.22 billion from the same period in 2016. Meanwhile, the total value of fares grew to $11 billion that quarter. It was the first full quarter under Dara Khosrowshahi, who took over the troubled business in September.