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Uber Reports First Quarter 2019 Results
- thegranderson 7y agoPress Release: https://investor.uber.com/news-events/news/press-release-details/2019/Uber-Q1-2019-Earnings/ https://investor.uber.com/news-events/news/press-release-det... Slides: https://s23.q4cdn.com/407969754/files/doc_financials/2019/Q1/Q1-2019-supplemental-slides.pdf https://s23.q4cdn.com/407969754/files/doc_financials/2019/Q1... Webcast (starting at 4:30pm EST): https://event.on24.com/wcc/r/2016299/F60DB6E5F5C638310AF5667048D9AD3C https://event.on24.com/wcc/r/2016299/F60DB6E5F5C638310AF5667...
- thegranderson 7y agoOverall, seems like growth is slowing, especially in the ridesharing business, and losses keep expanding. Will be interesting to see how they frame that on the call, as 9% YoY growth in the ridesharing business (10% YoY on adjusted net revenue) does not typically garner a 4.5x+ revenue multiple when you're burning so much cash ($1B in the first quarter)