Based on leaked figures, Uber has -8% losses to gross bookings and is still aggressively expanding globally and into new markets (Eats and Freight) and working

Based on leaked figures, Uber has -8% losses to gross bookings and is still aggressively expanding globally and into new markets (Eats and Freight) and working on self-driving cars. It's been widely reported that its mature markets are already profitable, which means that it's not cheap because of VC dollars. The VC dollars are only being used to supplement growth into new immature markets. The profitable markets are also being used for the same purpose. Enough markets should be mature enough for Uber to be profitable by sometime in mid to late 2018 at the rate they've been reducing their losses relative to gross bookings.