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

August 21, 2015, 12:43 PM UTC
The Hamptons Lure Uber Top Drivers Amid NYC Slow Summer Weekends
Th Uber Technologies Inc. car service application (app) is displayed for a photograph on an Apple Inc. iPhone in New York, U.S., on Wednesday, Aug. 6, 2014. For San Francisco-based Uber Technologies Inc. which recently raised $1.2 billion of investors' financing at $17 billion valuation, New York is its biggest by revenue among the 150 cities in which it operates across 42 countries. The Hamptons are a pop-up market for high-end season weekends where the average trip is three time that of an average trip in New York City. Photographer: Victor J. Blue/Bloomberg via Getty Images
Photograph by Victor J. Blue — Bloomberg via Getty Images

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.