3 ms·
After taking into account driver incentives (which should be classified as cost of revenue, not sales and marketing), their unit economics are unprofitable.
by ummonk 7y ago
After taking into account driver incentives (which should be classified as cost of revenue, not sales and marketing), their unit economics are unprofitable.
- frockington1 7y agoNow that I'm thinking of it Uber and WeWork both have 'alternative' accounting methods. Would love to see if 'alternative' accounting is a strong negative indicator for post-IPO health
- fastball 7y agoNot quite what you are looking for, but I got a kick out of this. https://www.profgalloway.com/yogababble https://www.profgalloway.com/yogababble
- aianus 7y agoI have had an Uber driver account for years and have never had an incentive (besides things like surge pricing which are paid by riders) That may depend on the market, but the unit economics in my market (Toronto) are undoubtedly positive.
- colinmhayes 7y agoUberX is now making money overall. UberEats is the division that is siphoning off driver incentives and costing them billions.