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by kevindong
2238 days ago
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See page 71 of Uber's 2019 annual report [0]. The short of it is that Uber made $1.383 billion in "adjusted net revenue" on Eats (on a total revenue of $12.897 billion) but lost $1.372 billion on an "adjusted EBITDA" basis (on a total adjusted EBITDA value of -$2.725 billion). Every company defines those terms differently, but you should assume that the bias is towards making them look better than reality. [0]: https://s23.q4cdn.com/407969754/files/doc_financials/2019/ar... |
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