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Given you work for you Uber, I don't think it's an accident that you misquoted it and left out a key word: "Adjusted". They have $742m of "Adjusted" EBITDA, wh
by thesausageking 7y ago
Given you work for you Uber, I don't think it's an accident that you misquoted it and left out a key word: "Adjusted".
They have $742m of "Adjusted" EBITDA, which is a metric they made up to make themselves look good, similar to WeWork's "Community EBITDA".
In the real-world, they lost $1.1B in Q4 and $8.5B for 2019. Revenue is growing and their margins are getting slightly better as they do massive layoffs and raise their prices, but they're still hemorrhaging money.