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Uber's loss dropped to $370 million last year from $4.5 billion in 2017, the company reported Friday.
But its bottom line was boosted by the sale of two of businesses.
Growth - Rate - Quarter - Sales - %
And its growth rate slowed dramatically in the fourth quarter; sales grew just 2% from the third quarter and only 25% from the holiday period of 2017.
Uber dramatically narrowed it loss last year, thanks to the sale of its businesses in Russia and Southeast Asia, the company reported Friday.
Business - Quarter - Asset - Sales - Loss
But its business slowed dramatically in the fourth quarter, and without the asset sales, it would have posted a loss of more than $1 billion.
The app-based taxi service lost $370 million on sales of $11.3 billion in 2018, the company said. Uber showed improvement on both its top and bottom lines for the year; in 2017, it lost $4.5 billion on $7.5 billion in sales.
Uber - Bottom - Line - Business - Sales
Uber's bottom line benefitted from the business sales. Excluding those and certain other charges and benefits, the company would have lost $1.8 billion last year. On that...
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