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That article supports exactly what I just said. > For the quarter ended Sept. 30, the company said it expects to report between a $25 million loss and a $25 mi
by lhorie 5y ago
That article supports exactly what I just said.
> For the quarter ended Sept. 30, the company said it expects to report between a $25 million loss and a $25 million profit on an adjusted basis
Today was its earnings call, where it reported profits of "$8 million worth of adjusted EBITDA"[0].
If you read your article, it says it's projecting 100M in ebitda for Q4.
[0] https://techcrunch.com/2021/11/04/uber-squeaks-tiny-adjusted-profit-in-q3-despite-2-4b-net-loss/ https://techcrunch.com/2021/11/04/uber-squeaks-tiny-adjusted...
- LargoLasskhyfv 5y agoThat depends on how you read it. I read it as maybe we just barely manage to. Also don't EBITDA me, that can be 'adjusted' in many interesting ways.
- lhorie 5y agoSure, but the original point wasn't about whether bottom line is red, it was about whether it's an investing ponzi scheme or an actual attempt at operating like a proper business. It may not be profitable on an absolute basis (many unicorns aren't), but that's very different from having your entire business plan centered around never ending VC rounds. Generally speaking, once a company goes public, it must start showing results.
- LargoLasskhyfv 5y agoHrm.