Uber has logged another quarter of record-breaking losses, losing $1.5 billion in the third quarter of 2017. For comparison, Uber lost $2.8 billion in all of 2016 and lost $1.1 billion in the second quarter of 2017.

The worsening financial picture is not a surprise. Founder and ex-CEO Travis Kalanick resigned in June, leaving the company leaderless for much of the third quarter. Uber's legal battle with Waymo has not been going well for Uber, and Uber is facing up to three federal investigations into the company's practices.

Uber's money-losing business continues to grow, with gross bookings rising from $8.7 billion in the second quarter to $9.7 billion in the third quarter.

Uber had $6.6 billion in cash on hand at the start of the third quarter, which means Uber can continue losing money at this rate for about another year. Uber's new CEO, Dara Khosrowshahi, is going to need to either figure out how to slash Uber's losses or else raise a lot more money.

An easy way to cut losses would be to raise fares, but that could cost Uber hard-won market share to rivals such as Lyft.

Uber could also curtail research projects like its self-driving cars and flying cars. But there's no sign that the company is doing that so far. Uber recently signed a deal to buy 24,000 cars from Volvo for around $1 billion. The first cars are due to be delivered in 2019.

A third option would be to continue raising money. Uber has raised more than $11 billion, according to Crunchbase. Uber is negotiating with Softbank to raise at least another billion dollars in a deal that could value the company at $48 billion. But that would be down significantly from the $68 billion valuation investors gave it two years ago.