As Uber released its Q3 earnings on Wednesday, it is clear that the company is still falling prey to slow growth and losses. The negative news comes in lieu of Uber's upcoming IPO next year.

The losses have grown by a heft amount almost reaching $1 billion, with annualized growth also waning. The loss has grown by 27% since last year and Adjusted EBITDA loss for this quarter is now $527 million, which is down 13% YoY, but up 24% since last quarter.

The disappointing performance can primarily be attributed to Uber's extensive business diversification, primarily through their food-delivery, electric scooter and bikes businesses. Last month, Uber declared that it would expand UberEats to cover 70% of the U.S. population.

"As we look ahead to an IPO and beyond, we are investing in future growth across our platform, including in food, freight, electric bikes and scooters, and high-potential markets in India and the Middle East where we continue to solidify our leadership position," said Uber CFO Nelson Chai.

Investment by Japanese company SoftBank has increased their stake in Uber by 15%. The additional investment also includes a provision for instituting an IPO by September next year- the consequence of not achieving this is that shareholder stock transfers could expire. If this occurs, it could severely subvert the company's ownership structure and augment legal fees to handle the regulatory roadblock.

Market conditions are also not conducive to Uber's growth: there are concerns regarding the inversion of the yield curve next year as well as upward monetary pressure by the Fed that may push Uber to expedite its IPO even though it is not in the position to do so. What's more is that Lyft is also expected to push out an IPO sometime next year, so Uber has had to ensure it gets to market first.

Uber is also planning to expand its investment in Freight, which is a brokerage service for fleet and truck drivers in relation to cargo management. The company is doubling the number of loads it connects with truckers every quarter, Uber said.

Uber's chief executive, Dara Khosrowshahi, is also planning to revive performance and usage of the app in markets where it previously failed. One example of this is Germany, where Uber is planning to return and follow regulatory constraints to the tee.

"They have identified Continental Europe as one of their major growth areas, but they are realizing once again that going abroad isn't easy," said Nils Stieglitz, president and managing director of the Frankfurt School of Finance and Management, who has tracked Uber's business.

Uber has also planned to launch electric bikes in Berlin, which is the first city outside the US to harbor Uber bikes. UberEats is also planning to launch in Germany, which may serve as a gateway to the rest of Europe.