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Even the non-GAAP number that they prefer has them losing $2.2 billion. Not exactly a small loss.
by TheCoelacanth 9y ago
Even the non-GAAP number that they prefer has them losing $2.2 billion. Not exactly a small loss.
- sfifs 9y agoYup. But if you look at the reported P&L, they have grown revenue 2.5X over 6 quarters, held or slightly improved gross margins and grown op ex o slightly less than 2X in the same period. So clearly business is growing and growing healthy with a path to profitability even without invoking "self drive cars" I've been skeptical of Uber in the past but this performance is very impressive. It's probably not Google/FB P&L level impressive but that's just applying a very stretch benchmark.