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They're still losing money hand over fist - no surprise there. Looks like that is hitting the stock in after-hours for about -5%. Biggest takeaway for me is t
by mdorazio 7y ago
They're still losing money hand over fist - no surprise there. Looks like that is hitting the stock in after-hours for about -5%. Biggest takeaway for me is that gross revenue actually grew slower than total trips (30% vs 31%), which is an interesting trend.
- hn_throwaway_99 7y ago> Biggest takeaway for me is that gross revenue actually grew slower than total trips (30% vs 31%) But on a constant currency basis gross revenue grew at the same rate, so the only reason it was slower was due to exchange rate changes.
- deleted 7y ago[deleted]
- WisNorCan 7y agoLooks like Uber has two types of businesses. a) Ones that are slowing down, e.g. Rides with growth rate of ~20% and b) Ones that are growing faster by unsustainable economics, e.g. Freight -40% EBITDA. For Uber ever to thrive, they need a business that is growing fast with good economics. It doesn't look they have one anywhere on the horizon.
- deleted 7y ago[deleted]