On Wednesday, Uber released its first-ever earnings report, detailing that it had booked $18.5 billion in revenue for the year.
That was a $2.9 billion jump from the $15.4 billion it had previously reported.
The company also raised its quarterly profit forecast to $1.9 trillion.
But despite the good news, many have questioned Uber’s viability as a ride-sharing platform.
According to a new study from The Information, the service only makes up about a quarter of the rides Uber serves.
And as a result, the company has seen a steady decline in ridership.
Uber’s business model relies on being able to collect fares, and the company’s data shows that that’s not going to continue.
Uber is expected to spend $100 billion on its driver workforce by 2020, according to the study.
It’s also going to need to raise fares.
Uber has been under fire for its pricing policies, which include a 10 percent discount on all UberX fares, which has resulted in some drivers losing their jobs.
While Uber is facing some legal troubles over its drivers’ unionization drive, the problem is more likely to be the company trying to save money by eliminating the unionization of its drivers.
The good news for Uber drivers, however, is that the company is still expected to increase its workforce.
According the study, the firm is planning to add 1.3 million full-time drivers by 2020.
The firm is also planning to expand its network of in-house driver training programs, and plans to hire another 600 drivers by 2021.
But for the most part, the study found that Uber drivers are unlikely to see a significant change in their workforces.
The good news is that drivers are still expected, and will continue to be, to accept rides in order to make ends meet.
Uber is expected, however to face some tough competition from other ride-booking companies.
The service has a long history of partnering with Lyft and other ride sharing companies, and is also currently working with UberX and Uber Black.