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Their profitability in America, means they are in no threat of "dying". Ha. http://www.businessinsider.com/uber-says-its-profitable-in-the-us-2016-4 http:/
by sbierwagen 11y ago
Their profitability in America, means they are in no
threat of "dying".
Ha.
http://www.businessinsider.com/uber-says-its-profitable-in-the-us-2016-4 http://www.businessinsider.com/uber-says-its-profitable-in-t...
Citing previously undisclosed financial documents,
Bloomberg pegs Uber’s February US profit per ride at
$0.19 (not including “interest, taxes, and equity-based
compensation for employees").
Nineteen cents per ride. Before tax!
- goldbrick 11y agoThey're doing more volume than the entire taxi industry though. It adds up.
- sbierwagen 11y agohttp://www.barrypopik.com/index.php/new_york_city/entry/we_lose_money_on_every_sale_but_make_it_up_on_volume http://www.barrypopik.com/index.php/new_york_city/entry/we_l...
- delecti 11y agoThe article isn't specific enough to know for sure whether that's average profit per ride, or whether that's the margin they skim off the top per ride Does that $0.19 come from (total margins from US rides - total US operating expenses) / (total number of US rides), or is it (total user payment - total driver costs) / (total number of US rides). The former means that they're actually bringing in about 10m in total net profit per month, which isn't terrible. The latter means they're probably not doing so well.