4 ms·
No, you're wrong. 3.4B is their revenue, not their gross bookings.
by pfarnsworth 9y ago
No, you're wrong. 3.4B is their revenue, not their gross bookings.
- toehead2000 9y agoNo you're both wrong. 3.4B is their gross, not their revenue bookings.
- arcticbull 9y agoAnd 100% of Pool fares.
- clairity 9y agoyou're right, my bad. in my haste to post before quickly having to get offline earlier, i didn't read carefully. i also couldn't access the WSJ article, so i don't know if there are better numbers in it or not. in any case, here's what i could garner about 1Q2017 by looking at other sites[1][2]: $7.5B bookings ((1+9%)*$6.9B from 4Q2016) -$3.2B paid to (non-Pool) drivers -$0.9B COGS (probably driver acquisition) ------------------------ $3.4B net revenue (GAAP) -$1.9B paid to Pool drivers ------------------------ $1.5B net revenue (non-GAAP) -$2.2B other expenses ------------------------ -$0.7B net earnings (or EBIT?) ($3.2B+$1.9B)/$7.5B = 68% paid to drivers (32% take rate [3]) the numbers are a little rough, but in any case, my main point still stands: they still need a 20% rise in bookings for it all to trickle down into a breakeven scenario. [1]: https://www.bloomberg.com/news/articles/2017-06-01/uber-s-revenue-rises-losses-narrow-head-of-finance-gupta-exits https://www.bloomberg.com/news/articles/2017-06-01/uber-s-re... [2]: http://www.upi.com/Business_News/2017/05/31/Uber-posts-improved-financial-numbers-but-loses-another-executive/2751496279466/ http://www.upi.com/Business_News/2017/05/31/Uber-posts-impro... [3]: https://www.forbes.com/sites/markrogowsky/2017/04/15/caution-ahead-ubers-financials-reveal-staggering-growth-but-raise-many-questions/ https://www.forbes.com/sites/markrogowsky/2017/04/15/caution...