Uber losses top $1bn in run-up to IPO

Growth in bookings continues to slow as pressure builds to improve financial performance

Uber has posted a loss of more than $1bn (780m) in its latest quarter as growth in bookings continued to slow in the run-up to its stock market flotation next year.

The San Francisco-based ride-sharing firm, valued at $76bn, is under pressure to improve its financial performance before the IPO. It lost $1.07bn in the three months to September, a 20% increase from $891m in the previous quarter.