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Uber no longer looks unstoppable. Slowing down [Quartz]

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SmittenKitten
2096 Rider
 Posted 3 years, 7 months ago

"The ride-hail company generated $14.2 billion in bookings in the quarter ended December 31 — which includes what customers spend on Uber rides, Uber Eats orders, and other Uber services. Uber reported $3 billion in revenue, which is roughly the share of bookings the company is left with after paying out wages to drivers and delivery people. Both those figures — up from the same period a year earlier — represented Uber’s slowest growth rate for 2018. Uber lost $865 million in the latest quarter, down from a loss of $1.07 billion in the third quarter of 2018. The deceleration in Uber’s bookings and revenue could alarm investors as the company prepares for an initial public offering expected this year; Uber hopes to be valued as much as $120 billion in its IPO. " Summary from Recode.

https://qz.com/1551934/uber-is-slowing-down/

"The deceleration in Uber’s bookings and revenue could alarm investors as the company prepares for an initial public offering expected this year. Uber doesn’t break out geographic segments or product segments like rides and Eats in its financial reporting, making it hard to pinpoint the source of the slowdown. But in each of the past three quarters, Uber has highlighted Eats, new investments in electric bikes and scooters, and its trucking platform Uber Freight while saying relatively little about the core rides business. You can read between those lines."

Comments

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    SteveBausch
    91
     3 years ago

    The providing transparency must be a weird feeling to Uber. and scary.