Well they actually operate at a loss, so it wouldn't be so surprising if you save money using uber instead of owning a car. Magic VC money subsidize your trips ;)
uber makes money on every ride. they operate at a loss annually because they invest everything in expanding to avoid paying taxes - like most companies do.
It's quite true that they make money on every ride - what I meant is that we get "cheap" rides while they try to win a "winner-takes-all" monopoly, because they can afford to "invest" in expanding, with heavy losses (4.5B in 2017).
It's also true that it's not sure they will ever reach profitability. Therefore, my comment.
uber makes money on every ride. they operate at a loss annually because they invest everything in expanding to avoid paying taxes - like most companies do.