Photograph by Victor J. Blue — Bloomberg via Getty Images
By Chris Matthews
August 21, 2015

Ride-hailing company Uber’s total bookings are estimated to reach $10.84 billion this year, and more than double in 2016 to $26 billion, according to a report by Reuters.

The report estimates that these figures would generate this year roughly $2 billion in revenue for the company, which takes 20% of booking revenue.

The data come from a slide show prepared by Chinese bankers, “with input from Uber,” according to the report. The company is planning to aggressively build out its operations in China, and to continue to enter new U.S. markets, such as Albuquerque, N.M. An Uber spokesperson said the the company does not comment on rumor or speculation.

Uber made news earlier this year as reports in Bloomberg and Gawker showed that Uber continues to loose money, even though revenue growth and — most importantly — investor interest remains strong.

This post has been updated to make clear that Uber did not prepare the projections outlined in this story; they were prepared by “Chinese bankers with input from Uber,” according to confidential documents obtained by Reuters.



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