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Uber is not traded publicly, but chose to release limited financial information to investors as well as the public during recent quarters. Adjusted net revenue came up to $2.22 billion, a 61 percent increase from the same period the year before. Uber had initially offered to settle the case for $490 million just before the start of the trial Monday, but that agreement didn't provide Waymo with enough assurances that its technology wouldn't be improperly used, according to two people familiar with the thinking of both parties in the lawsuit.

The full-year loss grew from $2.8 billion in 2016, but that year was skewed by a gain from the sale of Uber's business in China. This attitude is clearly visible in the previous business practices and approaches adopted by the ride-hailing company since its introduction in the USA and other potential markets.

The payment, to be made in Uber's stock, is a fraction of the almost $2 billion in damages that a Waymo expert had estimated Uber's alleged theft had caused.

Despite this, Uber managed to narrow its losses in the last three months when compared to the previous year, from $1.46bn in 2016 to $1.1bn in 2017.

The numbers show that Uber under Mr Khosrowshahi is on a path toward profitability and a sustainable economic model, Mr Kulkarni said.

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Uber's loss was mainly based on accepted accounting standards, which includes write-downs and significant legal expenses.

The job is proving to be even more hard than Khosrowshahi anticipated five months ago after Uber lured him away from online travel agency Expedia to replace its embattled co-founder, Travis Kalanick, as CEO.

San Francisco-based Uber Technologies Inc.'s results are hard to report because only pieces are released.

Earlier this month Uber ended the autonomous vehicle trade secrets lawsuit filed by Alphabet Inc.'s Waymo for a payment of Uber stock valued by Waymo at $245 million.

New chief executive Dara Khosrowshahi says he hopes Uber will move into profit this year, with a stockmarket flotation (IPO) planned for 2019. "I want you to be able to take an Uber and get into the subway - if the trains are running on time, you've got real-time data - get in the subway, get out and have an Uber waiting for you for right now".


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