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Re:Uber Posts $708M Loss as Finance Head Leaves by pfarnsworth on Wednesday May 31, 2017 @10:14PM (#14457463)
No, you're wrong. 3.4B is their revenue, not their gross bookings.
Re:Uber Posts $708M Loss as Finance Head Leaves by clairity on Thursday June 01, 2017 @02:42AM (#14458418)
you're right, my bad. in my haste to post before quickly having to get offline earlier, i didn't read carefully. i also couldn't access the WSJ article, so i don't know if there are better numbers in it or not. in any case, here's what i could garner about 1Q2017 by looking at other sites[1][2]:

   $7.5B bookings ((1+9%)*$6.9B from 4Q2016)
  -$3.2B paid to (non-Pool) drivers
  -$0.9B COGS (probably driver acquisition)
   ------------------------
   $3.4B net revenue (GAAP)
  -$1.9B paid to Pool drivers
   ------------------------
   $1.5B net revenue (non-GAAP)
  -$2.2B other expenses
   ------------------------
  -$0.7B net earnings (or EBIT?)

   ($3.2B+$1.9B)/$7.5B = 68% paid to drivers (32% take rate [3])
the numbers are a little rough, but in any case, my main point still stands: they still need a 20% rise in bookings for it all to trickle down into a breakeven scenario.

[1]: https://www.bloomberg.com/news/articles/2017-06-01/uber-s-re... [2]: http://www.upi.com/Business_News/2017/05/31/Uber-posts-impro... [3]: https://www.forbes.com/sites/markrogowsky/2017/04/15/caution...

Re:Uber Posts $708M Loss as Finance Head Leaves by arcticbull on Thursday June 01, 2017 @12:46AM (#14458057)
And 100% of Pool fares.