> and the massive amount of cash Uber's burning (or was), I can't imagine they wont be bankrupt soon
let's wait and see what the q2 numbers look like before we start declaring the patient dead.
The (for some reason) publicly reported q1 losses of 700m, were (was?) ~33% better than q4 2016 (1b). if the (presumably) publicly reported q2 numbers are in the neighborhood of 500m, you'd be looking at real growth.
Quarter ends in 2 weeks and the q1 numbers were (for some reason) released right when q1 ended, so maybe we don't have to wait too long.
It's these types of comments that demonstrate how ignorant the doomsayers are about Uber's business. The doomsayers start with their desired failure outcome and work their way back to the present instead of seeing the myriad ways they could not be more wrong.
In this case, Uber is an international business that operates in the northern and southern hemisphere and many places with other relevant weather patterns like rainy seasons and dry seasons. The seasonality at this point is likely almost entirely smoothed out by the sheer number of places they operate in globally. The US market might be larger and more mature, but many international markets have largely caught up now.
> The company said Wednesday that it lost $708 million over the first three months of the year on revenue of $3.4 billion, not counting expenses like employee stock compensation. That is a narrowing of the previous quarter’s loss of $991 million, on revenue of $2.9 billion.
revenue grew by ~500M, losses fell by ~300M. this isn't just more butts in seats trying to avoid the rain. this is about increased efficiency; each trip costing less in incentives and efficiency doesn't depend on the weather, or the hemisphere.
anyway, if the trend continues, we'll know more in a week.
let's wait and see what the q2 numbers look like before we start declaring the patient dead.
The (for some reason) publicly reported q1 losses of 700m, were (was?) ~33% better than q4 2016 (1b). if the (presumably) publicly reported q2 numbers are in the neighborhood of 500m, you'd be looking at real growth.
Quarter ends in 2 weeks and the q1 numbers were (for some reason) released right when q1 ended, so maybe we don't have to wait too long.