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Arthur T Knackerbracket has found the following story:
Uber lost another $1.1 billion in the third quarter of 2019, the company announced on Monday. This wasn't a surprise: Uber lost about the same amount in the first quarter of 2019 and lost even more last quarter.
Yet the company argues that things aren't as bad as that headline figure suggests. To show why, Uber broke its earnings down by business area, distinguishing its core "rides" app from Uber Eats, Uber Freight, and other operations.
Uber says that, if you exclude certain non-operating expenses—mainly interest, depreciation, and stock-based compensation—the "rides" app actually earned a substantial $631 million profit. That's enough to cover the company's core operating expenses, the company said. But Uber's profitability was dragged down by losses in its other businesses—mainly a $316 million loss from Uber Eats.
Of course, interest, depreciation, and stock-based compensation are real costs. So the fact that Uber looks less unprofitable excluding them isn't going to be particularly reassuring to Uber investors.
But the reason these numbers could ultimately be good news for investors is that they suggest Uber's core rides business might not be perpetually money-losing. If the "EBIDTA" profitability of the ride-hailing business continues to improve—it grew from $416 million in the year-ago quarter to $631 million last quarter on an EBITDA basis—the company could eventually reach honest-to-goodness profitability.
(Score: 0, Offtopic) by RandomFactor on Saturday November 09 2019, @03:49PM (5 children)
Hmmm, crossposting comments that you think deserve recognition or are being ignored? This is a concept that has legs.
В «Правде» нет известий, в «Известиях» нет правды
(Score: -1, Spam) by Anonymous Coward on Saturday November 09 2019, @03:56PM (4 children)
He's not being ignored. Strike 1 for you. The fact you have to try to downmod hide his post where he confronts the multiple sockpuppet fakename bzipitidoo on "russia" and bzipitidoo ran from it proves it. You lose too.
(Score: 0, Offtopic) by Anonymous Coward on Saturday November 09 2019, @04:04PM (2 children)
STFU, you toxic male loser.
(Score: -1, Spam) by Anonymous Coward on Saturday November 09 2019, @04:12PM
There's nothing toxic about making nullos (look that up, it's TRULY you, lol) like YOU run bzipitidoo https://soylentnews.org/comments.pl?noupdate=1&sid=34553&page=1&cid=918224#commentwrap [soylentnews.org] so tell us about "russia" won't you? Facts always prove braindead failures like you are exactly that. Braindead failures SUCKIN WELFARE doing zero and you know it. You are defective product fit only to be fertilizer (and not even good enough for that, hehehe), stupid.
(Score: -1, Offtopic) by Anonymous Coward on Saturday November 09 2019, @04:18PM
No balls nullo (hohohohohoho) why are you running from facts and questions https://soylentnews.org/comments.pl?noupdate=1&sid=34553&page=1&cid=918224#commentwrap [soylentnews.org] and trying to hide it with multiple sockpuppet account downmoderations?
(Score: 0, Offtopic) by RandomFactor on Saturday November 09 2019, @04:21PM
Speaking of Strike 1, I haven't tossed a downmod in over a year. Considering the usual suspects around here I've been able to resist, some random AC spammy guy ain't gonna be able to make me break my streak :-P
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