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Uber/Lyft

Uber Narrowed Loss in Q4: Full Financial Breakdown

Uber is moving toward profitability.

The ride-hailing firm reduced its fourth-quarter loss by 26% to $1.1 billion, compared with the third quarter, the company disclosed exclusively to The Information and its investors on Tuesday. The improvement, on 14% higher revenue of $11.1 billion, was a result of Uber better controlling costs such as advertising and customer support.