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The biggest chunk was excluding their net loss in investments in other companies. However, "adjusted earnings" is a PR number it doesn't have any particular fi
by timoth3y 5y ago
The biggest chunk was excluding their net loss in investments in other companies.
However, "adjusted earnings" is a PR number it doesn't have any particular financial meaning. If Uber wanted to make the case that they are moving towards profitability, they could talk about operating income or cash flow from operations or some other metric that has a GAAP meaning.
Those are the numbers to watch if you want to know if the company can ever be profitable.