Uber says Q4 net revenue was $2.22B, up 61% YoY, total value of fares was $11B, UberEats is ~10% of its business, and it lost $4.5B on $7.5B sales in 2017
Uber Technologies Inc. had a painful 2017, but the business managed to grow. — Adjusted net revenue last quarter increased 61 percent …
Bloomberg Eric Newcomer
Related Coverage
- Uber Narrowed Loss in Q4: Full Financial Breakdown The Information · Amir Efrati
- View article Fortune
- Uber's fourth-quarter loss narrows to $1.1 billion: source Reuters · Abinaya Vijayaraghavan
- View article Crunchbase News
- Uber Posts Fourth-Quarter Loss of $1.1 Billion on Higher Sales Wall Street Journal · Greg Bensinger
- Uber's loss jumped 61 percent to $4.5 billion in 2017 CNBC · Chloe Aiello
- Has a chaotic and expensive year had a major effect on Uber? Silicon Republic · Ellen Tannam
- Uber Posts $1.1 Billion Fourth-Quarter Loss as Revenue Rises to $2.2 Billion TheStreet
- Uber booked $2.2 billion in sales last quarter — but it still took a $1.1 billion loss Business Insider
- Uber driving toward profitability? Seeking Alpha · Yoel Minkoff
- Data Sheet—This Is Uber's Actual Big Problem Fortune
- Uber Inches Closer To Profitability With Reduced Losses In Q4 Crunchbase News · Holden Page
Discussion
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@shiraovide
Shira Ovide
on x
A company that doesn't make anything, and doesn't own anything, has negative free cash flow of roughly $2 billion a year. http://www.bloomberg.com/...
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@theinformation
The Information
on x
CHART: Uber's losses before one-time costs, interest, taxes, and depreciation as a percentage of gross revenue—a metric that has improved rapidly. http://www.theinformation.com/ ... http://twitter.com/...
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@theinformation
The Information
on x
Exclusive: Uber reduced its fourth-quarter loss by 26% to $1.1 billion, compared with the third quarter, reports @amir http://www.theinformation.com/ ... http://twitter.com/...
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@mdudas
Mike Dudas
on x
Uber is out of the woods and is going to be an absolutely massive company. $100B minimum at the end of 2020. One of the best consumer experiences I've ever experienced relative to the previous product. http://www.bloomberg.com/...
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@amir
Amir Efrati
on x
Uber ride hailing business, including Pool, has been contribution margin profitable for two straight quarters. That's a huge deal according to former Uber employees. (Contrib margin is an internal metric used to judge business performance, excluding fixed costs)
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@amir
Amir Efrati
on x
Adjusted ebitda loss was -$475M in Q4 2017 compared to -$607M in Q3 and -$882M in Q4 2016.
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@amir
Amir Efrati
on x
Uber Eats is already 10% of Uber gross revenue. Growing like a weed. Still unprofitable on a contribution margin basis but Uber continues to be bullish on it.