Us ride-hailing giant Uber released its fourth-quarter results after trading on Wednesday.

Revenue fell 15.5% to $3.17 billion in the fourth quarter from a year earlier, with a market expectation of $3.57 billion, a loss of 54 cents per share and an expected loss of 56 cents per share, according to the results.

Uber said it lost $968 million in the fourth quarter based on generally accepted accounting principles (GAAP), and the market expected a loss of $1 billion, an improvement from a loss of $1.1 billion a year earlier. For the whole of 2020, Uber's net loss totaled $6.77 billion, up about 20 per cent from the previous year's loss of $8.51 billion.

According to the financial report, the total order value of the company's car-hailing business in the fourth quarter was $6.79 billion, down 50% from the same period last year, while the total order value of the takeout business was $10.05 billion, up 130% from the same period last year.

Uber shares fell more than 3 per cent in after-hours trading after the results were announced. The company closed up 5.99% at $63.18 on Wednesday.