But its business slowed dramatically in the fourth quarter, and without the asset sales, it would have posted a loss of more than $1 billion.
The app-based taxi service lost $370 million on sales of $11.3 billion in 2018, the company said. Uber showed improvement on both its top and bottom lines for the year; in 2017, it lost $4.5 billion on $7.5 billion in sales.
Uber's bottom line benefitted from the business sales. Excluding those and certain other charges and benefits, the company would have lost $1.8 billion last year. On that same basis, Uber lost $2.2 billion in 2017.
In the fourth quarter, the company lost $865 million on $3 billion in sales. In the same period of 2017, the company lost $1.1 billion on sales of $2.2 billion.
On the revenue side, it showed a growth rate of just 25% far slower than the 43% pace the company posted for the whole year, and well below the 61% annual growth rate Uber recorded in 2017.
What's more, the company's sales were up only 2% in the fourth quarter from the third quarter last year. Also, its take rate its commission on what customers pay for Uber rides declined from both the year-earlier period and the third quarter.
Uber ended 2018 with $6.4 billion in cash. That was up from $4.8 billion at the end of the third quarter.
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