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I'd love to see Uber's income statement - they've grown fast but are they profitable yet, and how much of their revenue comes from subsidised rides?
by paulbjensen 9y ago
I'd love to see Uber's income statement - they've grown fast but are they profitable yet, and how much of their revenue comes from subsidised rides?
- JumpCrisscross 9y ago"Uber said it lost $1.1 billion in the last three months of 2017 on revenue of $11.05 billion — results that reflect a steady improvement in the company’s financial position, with revenues growing and losses narrowing. In the preceding quarter, Uber lost $1.46 billion on revenue of $9.7 billion. Uber said it lost $1.1 billion in the last three months of 2017 on revenue of $11.05 billion — results that reflect a steady improvement in the company’s financial position, with revenues growing and losses narrowing. In the preceding quarter, Uber lost $1.46 billion on revenue of $9.7 billion. ... Based on a financial earnings criteria excluding expenses like stock-based compensation — a significant portion of how Uber rewards its employees — the company said it lost $475 million in the fourth quarter compared with a loss of $607 million in the prior three-months period." https://www.nytimes.com/2018/02/13/business/uber-earnings-ipo.html https://www.nytimes.com/2018/02/13/business/uber-earnings-ip...
- paulbjensen 9y agoThanks. Starting to wonder how much cash in the bank they have.