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Two TakesTech Breakthroughsvs. Business Insider

Uber’s revenue has been leaked and it’s pretty impressive

By Connor Livingston1 min readGoogle News

Mobile ride hailing startup Uber is expected to hit an annual revenue run rate of $10 billion by the end of 2015, sources told Business Insider’s Henry Blodget. Uber keeps 20 percent of every transaction, which means Uber will be netting about $2 billion on $10 billion gross revenue. What’s more, most of Uber’s revenue comes from 10 of its earliest cities, including San Francisco and New York. When its other 140+ cities mature, you can imagine that $10 billion revenue figure multiplying quickly. San Francisco alone generates hundreds of millions of dollars for Uber. Uber is operating in more than 45 countries without having made a single acquisition.

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