Uber lost another $708 million in the first three months of the yearEnlarge / Uber’s financials remain upside down. (credit: Jaap Arriens/NurPhoto via Getty Images)
Uber’s Chief Financial Officer is leaving the company amid yet another loss-making quarterly result, according to the Wall Street Journal.
In the first three months of 2017, the company lost $708 million on revenues of $3.4 billion.

That might sound disastrous, but it’s actually an improvement for the ride-hailing company, which has posted billions of dollars of loses since 2014.

Excluding the money the company didn’t earn in China, it lost $2.8 billion in 2016.
For Uber fans, the important figure from the latest results is that $3.4 billion.

That’s up 18 percent from Q4 2016 (when it lost $991 million), suggesting that the #DeleteUber campaign—which encouraged people upset with the company and its numerous scandals to stop using the service and delete the app—may not have had much of an effect.
Uber told the WSJ that it still has $7.2 billion left in its coffers, and that “the narrowing of our losses in the first quarter puts us on a good trajectory towards profitability.”
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