Bloomberg found out about the loss of Uber’s $1.2 billion in the first half

Uber Technologies, the company that created the service for call taxi, for the first half of 2016, suffered losses of at least $1.2 billion, Bloomberg reports citing sources familiar with the situation.

Uber Technologies is not a public company, but every three months during a conference call with investors disclose their performance. According to Agency sources, the financial Director of Uber Gautam Gupta told investors that the loss in the second quarter rose. However, even in the United States, where Uber had a profit in the first quarter, the company also suffered losses.

According to sources of Bloomberg, at the end of the first quarter the losses of the Uber tax and other payments amounted to $520 million In the second quarter of the company’s loss grew to $750 million, including $100 million on the main market of the company in the United States. This means that the loss of the Uber in the first half of 2016 to at least $1.27 billion, the Agency said.

The interlocutors said that Gupta also told investors that the main item of expenditure of the company is the payment Uber drivers.

A representative from Uber official declined to comment.