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They do not lose money with every ride, at least according to their most recent investor presentation [1]. Their rides segment is already profitable - albeit on
by edouard-harris 6y ago
They do not lose money with every ride, at least according to their most recent investor presentation [1]. Their rides segment is already profitable - albeit on an EBITDA basis, but with decent and growing margins.
[1] https://s23.q4cdn.com/407969754/files/doc_financials/2019/sr/InvestorPresentation_2020_Feb13.pdf https://s23.q4cdn.com/407969754/files/doc_financials/2019/sr... (slide 15)