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Uber Posts Its Largest Quarterly Loss - Is this good or bad?

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RPaulson
551 Driver
 Posted 3 weeks, 6 days ago

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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.

https://www.wsj.com/articles/uber-posts-its-largest-ever-quarterly-loss-11565295373?mod=article_inline 


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    Uberserge
    1157 Rider Driver
     3 weeks ago

    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. 

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      Xtrodinary1
      1 Rider Driver
       3 weeks ago

      Where is a good place to look for those reports?

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        Uberserge
        1157 Rider Driver
         3 weeks ago

        Earnings reports are at your fingertips if you Google it

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    Xtrodinary1
    1 Rider Driver
     3 weeks ago

    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.

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      Uberserge
      1157 Rider Driver
       3 weeks ago

      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.