RIDEGURU
Can someone who knows this stuff help me decipher if this is good or not? 14% increase in revenue but a huge loss due to IPO expenses.
Is that normal? It's all greek to me.I mean, these graphs look bad to me.
Uber Posts Its Largest Quarterly Loss - Is this good or bad?
Posted 4 years, 7 months ago
Posted In
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Posted By
Robert Paulson (RPaulson)
560
Driver
Ride Apprentice
Driver in NYC. Uber and Juno, used to drive Yellow
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Comments
That loss was what we call it a kitchen sink quarter, they took all IPO related expenses, plus that report is from two months ago, next quarterly results are coming up in a month. I'll write a post for Rideguru then.
Where is a good place to look for those reports?
Earnings reports are at your fingertips if you Google it
This looks bad. Maybe they should find a way to incentivize drivers more. I have a few of my own but I will wait for any feedback.
Why does it look bad? They created 50 billion dollars of wealth out of thin air, they haven't made a red cent since their inception and they may never be profitable since their business model depends on heavy subsidies.
As far as driver incentives are concerned, I've been driving for over three years, everything as far as miles, minutes, quests, boost, power zones, prime time and surge multiplier has been eliminated. If you think things are going to get better, trend is not your friend.