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Post New Topic Forum    Rideshare News

Uber lost $1.1 billion last quarter, says rides are profitable (sort of)

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SmittenKitten
2098 Rider
 Posted 5 years ago
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Smitten Kitten (SmittenKitten)
2098 Rider
Ride Scholar from Washington DC

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https://arstechnica.com/cars/2019/11/uber-lost-1-1-billion-last-quarter-says-rides-are-profitable-sort-of/?amp=1

First time they are giving us more visibility into their revenue figures. Fun. 

Yet the company argues that things aren't as bad as that headline figure suggests. To show why, Uber broke its earnings down by business area, distinguishing its core "rides" app from Uber Eats, Uber Freight, and other operations.


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