Human cloud, ride-sharing firm Uber Technologies Inc. generated $1.75 billion in adjusted net revenue in the second quarter of this year, up from $1.5 billion in the first quarter and about $800 million in the second quarter of 2016. Adjusted net loss narrowed by 9% from the first quarter to $645 million; for all of 2016, Uber lost about $3 billion.
 
 As a privately held company, Uber is not required to publicly report its financial results, but earlier this year it began offering a glimpse of its performance by disclosing certain numbers to some media outlets. Internet media startup Axios first reported Uber’s second-quarter results on Wednesday.

Reuters reported Uber’s gross ride bookings for the second quarter reached $8.7 billion, up 17% from $7.5 billion in the first quarter. The number of global trips on its service increased 150% over the previous year, with growth strongest in developing markets. Those numbers include trips in Russia, where Uber last month merged its operations with Russian company Yandex.

Jan Dawson, chief analyst at Jackdaw Research, cautioned that Uber’s reporting is selective and excludes parts of the business’s financial model that may show the company in a less favorable light.

“There's clearly growth in the numbers reported by Uber here,” Dawson told Reuters, but they should be taken “with a big pinch of salt.”

Travis Kalanick stepped down from his CEO role in June amid lawsuits and controversies, and other executives have left Uber as well. However, Recode reports the company’s board is expected to vote on a new CEO within two weeks, with former General Electric chairman Jeff Immelt as the front-runner.  Uber has also promoted some of the top executives running the company in the interim to vice president.