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"The $645 million is adjusted EBIT, while Uber's Q2 EBITDA loss was $534 million (down from $598 million in Q1). Uber's global ride-share business was margin po
by WisNorCan 9y ago
"The $645 million is adjusted EBIT, while Uber's Q2 EBITDA loss was $534 million (down from $598 million in Q1). Uber's global ride-share business was margin positive last quarter, which is a flip from Q1."
The context around EBIT/EBITDA implies that they are discussing operating margin and not gross margin. Can you clarify what major expenses you believe would be excluded?