How Uber Can Get to Break Even

Uber CEO Dara Khosrowshahi has told Uber executives he would like the company to nearly break even by the end of this year. By next year, when he has said Uber may go public, he wants the company to be profitable.

Those aspirations will be difficult to achieve. Uber likely lost at least $3 billion in 2017, based on its results for the first three quarters of the year. That figure excludes costs that Uber deems to be one-offs, such as extra reserves for legal expenses.

CLARIFICATION: The table has been updated. An earlier version omitted the sales and marketing line from operating expenses.

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The best way to get to break even, says one former employee, is for Uber to lower driver bonuses.