Uber Lit $1 Billion on Fire Last Quarter Because That's What Uber Does [gizmodo.com]
Uber reports a $1 billion loss in first quarterly earnings after IPO | Washington Post [pbokelly.blogspot.com]
Uber is still losing a whole lot of money [www.theinquirer.net]
Uber's First Earnings in Line With Wall Street's Forecasts [fortune.com]
Uber Lost $1 Billion in Just Three Months and Wall Street is Thrilled [www.digitaltrends.com]
$UBER rev of $3.099B in Q1, compared to $2.974 in Q4 2018.
— alex (PVD) (@alex) May 30, 2019
Up 20% YoY, net loss exploded 116% to $1.034B
not a very good set of numbers; q is now how investors weigh them.
Number of restaurants on Uber Eats:
— Jon Erlichman (@JonErlichman) May 30, 2019
May 2019: +200,000
Jun 2018: 120,000
May 2018: 100,000
Nov 2017: 80,000
Jul 2017: 60,000
Apr 2017: 46,000
Oct 2016: 20,000
Feb 2016: 900
Dara answering competition/pricing Q on $UBER call: "we’re always uncomfortable in our chairs but we’re less uncomfortable... i say today, we feel better on the competitive front on a global basis."
— sara ashley o'brien (@saraashleyo) May 30, 2019
The market has no idea what to make of Uber's earnings
— Alison Griswold (@alisongriswold) May 30, 2019
Uber rev from LATM off 13% YoY - oof.
— alex (PVD) (@alex) May 30, 2019
op cash burn at Uber in Q1: $722M, up from $297M a year ago.
Investors: As a public company, Uber will have to report metrics that make sense to Wall Street.
— Ari Levy (@levynews) May 30, 2019
Uber: pic.twitter.com/P5liVSGoO9
There it is. $UBER in line with expectations, which was, uh, expected, because they pre-reported results in their last filinghttps://t.co/9arhZ8CVb5
— Steve Kovach (@stevekovach) May 30, 2019
Uber Latin America rides + Eats revenue fell 13% in 1Q.
— Shira Ovide (@ShiraOvide) May 30, 2019
First glimpse I've seen of the toll on Uber from tough competition in Latin America, which is backed by SoftBank (also a big backer of Uber). pic.twitter.com/8GI7OAayz6
Tough in Q1 ?Uberland?.
— Amir Efrati (@amir) May 30, 2019
To grow revenue 20% year over year, Uber burned 120% more money.
For ?Uber Eats?, it had to raise “excess driver incentives” by $200 million to grow revenue by $253 million.
Possible good news on the horizon thohttps://t.co/o1e5Ple7W2 $uber
Uber CEO Dara Khosrowshahi says the company is noticing less price competition from rivals in US and around the world, naming Lyft specifically. "I think competing on brand as opposed to product ... is a healthier mode of competition than just throwing money at a challenge."
— Faiz Siddiqui (@faizsays) May 30, 2019
speaking of, Uber’s earnings are out, and they’re grimmmmmm. $1.034B in net losses on $3.099B revenue https://t.co/5uGwBImdwJ
— Andrew J. Hawkins ???? (@andyjayhawk) May 30, 2019
Uber gives its first two analyst questions to Morgan Stanley and Goldman Sachs... its two lead bankers...
— Eric Newcomer (@EricNewcomer) May 30, 2019
Uber posted a loss of $2.26 per share, which was pretty much on par with analysts estimates https://t.co/0dMHDdCDXm
— Dara Kerr (@darakerr) May 30, 2019
Capitalism means that we "can't afford" to have free public transit but it's fine for Uber to lose a billion dollars every three months?https://t.co/F9BPKrtfJQ
— the Husbeast (@hghstwrt) May 31, 2019
run the government like a business, they said. it would force them to balance the budget, they said. https://t.co/UYSIBnCv2I
— Jon Green (@_Jon_Green) May 31, 2019
? @BryanDisagrees on Uber’s $1 billion quarterly loss:
— Paris Marx ?? (@parismarx) May 31, 2019
“sending the GDP of Vanuatu off a cliff every three months is Uber’s current business model, more or less.” https://t.co/nA8Q9vLTn1
The amount of money that investors pour in -and lose- to Uber and Lyft could really do some good literally anywhere else. And I'd be willing to bet that that potential good elsewhere outweighs the future benefit that Uber could providehttps://t.co/Wt0YmFzMo4
— Quenton (@lazeefair) May 31, 2019