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Uber Reports First Quarter 2019 Results

3 pointsby thegrandersonalmost 6 years ago

2 comments

thegrandersonalmost 6 years ago
Press Release: <a href="https:&#x2F;&#x2F;investor.uber.com&#x2F;news-events&#x2F;news&#x2F;press-release-details&#x2F;2019&#x2F;Uber-Q1-2019-Earnings&#x2F;" rel="nofollow">https:&#x2F;&#x2F;investor.uber.com&#x2F;news-events&#x2F;news&#x2F;press-release-det...</a><p>Slides: <a href="https:&#x2F;&#x2F;s23.q4cdn.com&#x2F;407969754&#x2F;files&#x2F;doc_financials&#x2F;2019&#x2F;Q1&#x2F;Q1-2019-supplemental-slides.pdf" rel="nofollow">https:&#x2F;&#x2F;s23.q4cdn.com&#x2F;407969754&#x2F;files&#x2F;doc_financials&#x2F;2019&#x2F;Q1...</a><p>Webcast (starting at 4:30pm EST): <a href="https:&#x2F;&#x2F;event.on24.com&#x2F;wcc&#x2F;r&#x2F;2016299&#x2F;F60DB6E5F5C638310AF5667048D9AD3C" rel="nofollow">https:&#x2F;&#x2F;event.on24.com&#x2F;wcc&#x2F;r&#x2F;2016299&#x2F;F60DB6E5F5C638310AF5667...</a>
thegrandersonalmost 6 years ago
Overall, seems like growth is slowing, especially in the ridesharing business, and losses keep expanding.<p>Will be interesting to see how they frame that on the call, as 9% YoY growth in the ridesharing business (10% YoY on adjusted net revenue) does not typically garner a 4.5x+ revenue multiple when you&#x27;re burning so much cash ($1B in the first quarter)