Over the past few months some insiders have been leaking financial information about Uber. Enough information was finally gleaned that conclusions have been drawn. I’m going to copy-paste information from a summary I read:
- Uber’s third quarter net revenue totaled $1.7 billion.
- That figure is up 240 percent from the year-ago period.
- Uber lost $800 million in the third quarter, before various GAAP expenses.
- The firm’s gross revenue grew 8 percent to $5.4 billion in the third quarter, impacted by the company’s “China exit.”
- Uber’s home market losses are “more” than the prior $100 million rate reported for its second quarter.
- UberEats could do $100 million in net revenue next year. It will lose more than $100 million in the same period.
- The supercorn has “more than $7 billion still sitting in the bank, plus another $2 billion from a credit line.”
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