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Is Uber Profitable or Losing Money?

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RPaulson
560 Driver
 Posted 6 years, 9 months ago

I don't understand anymore.

This article says they are now profitable in the USA

http://fortune.com/2016/02/18/uber-profitable-us/

This article says they are losing billions of dollars worldwide.  I guess mostly in China?

https://www.bloomberg.com/news/articles/2016-08-25/uber-loses-at-least-1-2-billion-in-first-half-of-2016

Then this article says their business model is a scam and they'd have to quadruple the fares to become profitable.

http://www.news.com.au/finance/business/travel/uber-would-need-to-quadruple-fares-to-become-profitable-expert-claims/news-story/df96001b40f6d9bf0412714e7362b64a

Comments

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    Akutchand10
    Driver
     3 months ago  (edited 3 months ago)

    The question of whether Uber is profitable or losing money is one that sparks curiosity and debate. While it's a topic of interest, I recently came across a thought-provoking article at bookofragame.com/en that sheds light on the financial aspect of Uber. It delves into the complexities of Uber's financial situation, exploring the challenges the company faces in maintaining profitability. Personally, I had a somewhat negative encounter with Uber's service, which made me question their profitability further. However, it's essential to approach the topic objectively and consider multiple perspectives when forming an opinion on Uber's financial standing.

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    arabelepickard
    Driver
     6 months ago  (edited 6 months ago)

    I tried to work after this application, I can say that it is quite comfortable and for the first time it works, I like it quite a lot, because compared to competitors, they offer worse conditions. More than that, I'd say this https://gamblizard.ca/best-canadian-online-casinos/casino-payment-options/interac-casinos/ is profitable, because while waiting for an order to show up I played in Interac Casinos and made more money than working in uber for a week, so I'm looking to repurpose myself ))

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    charlesterrybge
    Driver
     6 months ago

    As of my knowledge cutoff in September 2021, Uber had not yet achieved profitability on a consolidated basis. Although the company has shown steady revenue growth over the years, it has also reported significant losses due to heavy investments in research and development, marketing, and expansion into new markets.

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    ThomBrady
    122
     5 years ago

    Ths question is like 1.5 year ago.

    Hello time travelers.  No, Uber isn't making any money yet in 2018. LOL.

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    SmittenKitten
    2098 Rider
     6 years ago

    The third article about how Uber is losing money to gain marketshare remind me of the story of Starbuck and how they expanded while putting local coffee shops out of business.   

    Nothing new.  There would be a nice local coffee shop.  Starbucks wants to take over, but instead of competing, they'd build 5 Starbucks around it, charge super-low prices, then squeeze the original one out.  Then they shut down 4 Starbucks.  What you are left with is one winner.