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PostPosted: Fri Feb 07, 2020 9:12 pm 
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Adjusted for items such as taxes, the core "ride" part of the business turned a profit in the last three months of last year.

So if it wasn't for taxes, interest and write downs they would have made a profit. Image

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PostPosted: Mon Feb 10, 2020 6:28 am 
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but if they are investing in future growth the investors will be happy sounds as if uber is about to become the biggest corporate turnaround in history

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PostPosted: Tue Feb 11, 2020 9:14 pm 
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edders23 wrote:
but if they are investing in future growth the investors will be happy sounds as if uber is about to become the biggest corporate turnaround in history

To make money it needs to up the prices, or take a larger cut from drivers.

If it does that then the competition will take a share of their market.

Like Ola will do in London.

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PostPosted: Wed Feb 12, 2020 1:10 pm 
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Sussex wrote:
edders23 wrote:
but if they are investing in future growth the investors will be happy sounds as if uber is about to become the biggest corporate turnaround in history

To make money it needs to up the prices, or take a larger cut from drivers.

If it does that then the competition will take a share of their market.

Like Ola will do in London.



not necessarily the profits come from scaling up i.e. increasing the volume of work without needing to increase the staff or servers significantly

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PostPosted: Wed Feb 12, 2020 8:16 pm 
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not necessarily the profits come from scaling up i.e. increasing the volume of work without needing to increase the staff or servers significantly

Yet since they started Uber have lost best part of $20,000,000,000, and last year was their worst ever.

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PostPosted: Wed Feb 12, 2020 8:34 pm 
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For those that believe Uber will eventually make bundles of billions, I suggest they read Hubert Horan's latest take on Uber's accounts, and their current business model.

https://www.nakedcapitalism.com/2020/02 ... llion.html

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PostPosted: Thu Feb 13, 2020 5:47 pm 
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Warren Buffett's right-hand man trashes the metric Uber is using for its ambitious plan to be profitable by the end of 2020

Charlie Munger, Warren Buffet's business partner at Berkshire Hathaway, slammed the accounting method used by some companies to measure profit, including Uber, saying the metric leads to "bulls--- earnings."

Munger said that adjusted EBITDA, which stands for earnings before interest, taxes, depreciation and amortization, is "ridiculous" and not an accurate measure of a company's profitability, according to a report by CNBC.

"I don't like when investment bankers talk about EBITDA, which I call bulls--- earnings," Munger said at a recent company shareholders meeting. "Think of the basic intellectual dishonesty that comes when you start talking about adjusted EBITDA. You're almost announcing you're a flake."

Experts have previously told Business Insider that using adjusted EBITDA is not standard accounting and allows companies to leave out a variety of expenses.

Uber said earlier this month that it would be profitable by the end of 2020, using adjusted EBITDA as its profitability metric.

In a filing with the Securities and Exchange Commission, Uber defined its adjusted EBITDA metric, saying that among 13 items, it excludes "acquisition and financing related expenses"; "restructuring charges"; and "other items not indicative of our ongoing operating performance."

In the filing, Uber acknowledges that adjusted EBITDA does not adhere to Generally Accepted Accounting Principles, or GAAP, a set of widely accepted standards.

While Uber lost $8.5 billion in 2019, its losses in the fourth quarter last year were less than analysts had expected.

An Uber spokesperson was not immediately available for comment.

By excluding expenses as it pleases, experts said that it's not a surprise that Uber could say in the near future that it's profitable.

Phillip Braun, a finance professor at Northwestern University, told Business Insider's Troy Wolverton that "it's likely" that Uber will hit its adjusted EBITDA profitability target, but that "I don't think it's meaningful... I view it as a vacuous statement."

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PostPosted: Tue Feb 18, 2020 4:10 pm 
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Currently $39.70.

First time under $40 for a fortnight.

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