Uber Bonds Term Sheet Reveals $470 Million in Operating Losses (original) (raw)

Uber Technologies Inc. is telling prospective investors that it generates 470millioninoperatinglosseson470 million in operating losses on 470millioninoperatinglosseson415 million in revenue, according to a document provided to prospective investors.

The term sheet viewed by Bloomberg News, which is being used to sell 1billionto1 billion to 1billionto1.2 billion in convertible bonds, doesn’t make clear the time period for those results. The document also touts 300 percent year-over-year growth.