Uber to Pay Drivers One-Time Cash Appreciation Reward Totaling $300 Million

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Drivers outside the United States who completed the same number of trips will also receive the same amount of reward from the ride-sharing company. However, it may be adjusted in a region-by-region basis to account for differences in average hourly earnings.

Lyft also gave one-time cash bonuses to its drivers who made significant contributions to its growth, prior to its IPO.

Uber financial performance

Uber disclosed in its IPO filing that it revenue increased from $7.93 billion in 2017 to $11.27 billion last year. Its revenue from its ride-sharing products was $9.2 billion last year.

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The ride-sharing company posted a net income of $997 million compared to a net loss of $4.03 billion in 2017.

In the fourth quarter of 2018, Uber reported gross bookings of $11.48 billion, up from $9.19 billion in the same period a year ago.

Uber’s monthly active platform consumers (MAPCs) were 91 million in the fourth quarter of last year, an increase of 35 percent from the same period in 2017.