Uber's Ride Bookings Are Growing Insanely Fast, Approaching $6 Billion Per Quarter

Jumped 58 percent since January

SAN FRANCISCO—During the first day's closing session of Vanity Fair's New Establishment Summit, Uber CEO Travis Kalanick said that his app has 40 million monthly riders paying an average of $50 for the company's ride-sharing services.

That's approximately $6 billion per quarter, which is roughly $1 billion more in bookings than Uber reported to shareholders for the second quarter. What's more, Uber's growth this year has been staggering: A late August story in Bloomberg stated the technology company had $3.8

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