Uber’s global ride bookings could more than double in 2016
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.
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.