Uber Posts $5.2B Loss and Slowest Ever Growth Rate

Re:Uber Posts $5.2B Loss and Slowest Ever Growth Rate by jonknee on Thursday August 08, 2019 @05:00PM (#20648697)

But in this case they clearly don't: Operations and support ($864m), Sales and marketing ($1.2b), General and administrative ($1.6b). They have bloated costs all over. Easy to do when you're the hottest VC backed company around, but the clock is ticking and they'll probably trim a lot of fat.

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Re:Uber Posts $5.2B Loss and Slowest Ever Growth Rate by paxys on Thursday August 08, 2019 @05:07PM (#20648787)

Yeah my point was people shouldn't look at it and think "self driving car research". Every engineer at Uber is paid out of that budget.

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Re:Uber Posts $5.2B Loss and Slowest Ever Growth Rate by kgwgk on Thursday August 08, 2019 @05:13PM (#20648847)

That’s why I said it included useful R&D.

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Re:Uber Posts $5.2B Loss and Slowest Ever Growth Rate by kgwgk on Thursday August 08, 2019 @05:11PM (#20648824)

And last quarter was somewhat unusual due to the SBC charges allocated mostly to R&D. Looking at Q1:

  Cost of revenue $1.68bn
  Operations and support $434mn
  Sales and marketing $1.04bn
  Research and development $409mn
  General and administrative $423mn

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