Take a look at their most recent 10-Q[1] where you'll notice their claim of profitability relies on the completely made up (and non-GAAP) metric of "Rides Adjus

Take a look at their most recent 10-Q[1] where you'll notice their claim of profitability relies on the completely made up (and non-GAAP) metric of "Rides Adjusted EBITDA". From page 36 of the filing ("Segment adjusted EBITDA" collectively references their adjusted EBITDA metrics for rides, eats, and freight): > Segment adjusted EBITDA is defined as revenue less the following expenses: cost of revenue, operations and support, sales and marketing, and general and administrative and research and development expenses associated with the Company’s segments. Segment adjusted EBITDA also excludes any non-cash items or items that management does not believe are reflective of the Company’s ongoing core operations (as shown in the table below). The referenced table includes $1.8 billion in Corporate Governance. That one line item completely wipes out their "Rides Adjusted EBITDA" profitability. They're only profitable as long as they don't have any expenses. And that isn't really how "profit" works. [1] http://www.sec.gov/Archives/edgar/data/1543151/000154315119000017/fy2019q3financialstate.htm http://www.sec.gov/Archives/edgar/data/1543151/0001543151190...