Operations

LEAK: Uber Financials Show Big Growth, Big Losses

Posted on January 13, 2016

SAN FRANCISCO -- It’s no surprise that Uber is growing, or that it’s losing money. What’s surprising is the magnitude of both.

On Monday, The Information published confidential financial documents Uber prepared for investors last year. The numbers – current as of the first half of 2015 –show that the ride-hailing giant is growing rapidly, way outpacing rival Lyft. And yet, Uber is also burning through cash at a faster rate than ever.

Fortune Magazine article here

Related Topics: California operators, finance, revenues, San Francisco operators, TNCs, Uber

Comments ( 4 )
  • Anonymous

     | about 3 years ago

    Profit is not important to Uber at this stage because they are more concerned with lowering prices to gain market share. Companies such as Amazon and Jet.com have a similar business model such that they also sacrifice profit to lower prices by leveraging cash flow. Uber's cash flow is very strong which allows them to operate successfully even with a loss.

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