Khosrowshahi said on the investor call that UberEats had reached a $4 billion gross revenue run-rate in the fourth quarter, which means food delivery will represent about 10 percent of Uber's business. The value of the merged entity was then estimated at around $35 billion, with Uber receiving an equity payment equivalent to the fifth of the combined company.
Uber also agreed not to use any of Waymo's technology for autonomous driving as part of the settlement, which was approved by Judge William Alsup as he dismissed the case.
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.
Overall, its annual bookings rose to $37 billion in the previous year, with a full-year net revenue of $7.5 billion. The annual loss was much bigger than the $2.8 billion in the red in 2016. Last month, SoftBank Group led a $9.3 billion investment deal to make itself largest shareholder in the San Francisco-based company.
The latest financial report shows the company continues to increase its revenue while making progress on cutting its loss.
Kushner clearance at risk after John Kelly-mandated White House security overhaul
Kushner's lawyer seems pretty sure of that too, telling the Post that Kelly's new policy "will not affect Mr. Kushner's ability to continue to do the very important work he has been assigned by the president".
Woman pretending to be man arrested for marrying women for dowry
According to the police, she told the Uttarakhand woman, known as Kamini, that she was the son of a businessman from Aligarh. She accused him of taking Rs 8.5 lakh from her family, saying that she needed the money for a factory she owned in Haridwar.
Minnesota reports three new child deaths as flu season worsens
The levels of flu-like illness are around what the US saw in 2009, another bad year, said acting CDC Director Anne Schuchat . To minimize pain that can be associated with injections, Connolly used the smallest needle that can accommodate flu vaccine.
Uber's CEO offered an amibitous vision for the company, saying he didn't want it to be seen as purely a car-for-hire company - but one that would take any person on any transit system - "from point A to point B, whatever the best way". On an adjusted basis, excluding stock-based compensation, legal costs, taxes and depreciation, the company lost $US2.2 billion for the full year.
The ride-hailing firm ended 2017 with about $6 billion in cash, including $1.4 billion money set aside for potential insurance claims.
Khosrowshahi began reigning in costs after he took over as Uber chief late past year, replacing ousted co-founder Travis Kalanick. This ride-hailing company Uber has suffered allegations and fines from different regulatory authorities for misleading them and hiding information which was supposed to be disclosed voluntarily by the organization.
Comparisons with 2016 were also affected by the sale that year of its business in China resulting in a substantial gain.