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Was once a compelling theory, but in the last earnings (Q3 2019), Uber's ride hailing business was "adjusted EBITDA" profitable, with an increase in revenue gro
by bhupy 7y ago
Was once a compelling theory, but in the last earnings (Q3 2019), Uber's ride hailing business was "adjusted EBITDA" profitable, with an increase in revenue growth. It's not hard to imagine them being GAAP profitable if they decide to sacrifice a little bit of revenue growth.
- behringer 7y agoYou can use fancy terms and fancy accounting to make it seem like Uber isn't subsidizing riders, but it doesn't change the facts.
- disgruntledphd2 7y agoEBITDA is nonsense disguised to hide costs. If you need to adjust it to appear profitable, then you are not profitable. (Yes, I am aware that there are valid use-cases for EBITDA, but in general it is used as a way to avoid accounting for actual costs).