$708 million loss, narrowed from $991 million last quarter
18% growth from last quarter (note: that's not Y/Y. this is ridiculously fast, given the huge base.)
708mm loss / 3.4 billion in revenue is only about 20% under even. And what most people miss, is that the 3.4 billion is the 30% cut Uber takes from a ride. Prices don't have to rise 20% to break even, prices have to rise 6% (assuming no efficiency improvements via pool etc, which is frankly ridiculous)
18% growth from last quarter (note: that's not Y/Y. this is ridiculously fast, given the huge base.)
708mm loss / 3.4 billion in revenue is only about 20% under even. And what most people miss, is that the 3.4 billion is the 30% cut Uber takes from a ride. Prices don't have to rise 20% to break even, prices have to rise 6% (assuming no efficiency improvements via pool etc, which is frankly ridiculous)
Yeah... Uber is doing fine.