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by nonameiguess
1688 days ago
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Just to be clear, Uber has never been profitable even on an EBITDA basis. This right here says -$0.9 billion for the last quarter: https://www.macrotrends.net/stocks/charts/UBER/uber-technolo.... They use "Adjusted EBITDA" to try and say they're profitable, which is an attempt to remove non-recurring expenses. That is perfectly fair if they're really non-recurring, but it's also perfectly fair to be skeptical when there have been exactly zero quarters in over a decade now in which they have brought in revenue in excess of their expenses, even if they claim those expenses were unexpected. |
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