Uber losses down to $1.1bn, revenue up 11.8% in Q4: Reports

American cab-hailing startup Uber has narrowed its losses to $1.1 billion in the fourth quarter of 2017, from a loss of $1.46 billion in the previous quarter, according to reports. Further, the company's quarterly revenue rose 11.8% to $2.2 billion from the previous quarter, the reports added. Last month, Uber raised $1.25 billion from SoftBank at $68 billion valuation.