Q2 in which it experienced a $5 billion loss and a record low revenue growth rate. Here are the biggest takeaways from its latest earnings:Uber accelerated revenue growth in its core ride-hailing segment after more than a year of stagnation. In Q3 2019, Uber's ride-hailing segment's net adjusted revenue jumped 23% year-over-year to almost $2.9 billion.
Its digital freight brokerage Uber Freight and food delivery service Uber Eats experienced continued growth, but at a cost. Uber Freight generated $218 million in adjusted net revenue, a 105% YoY increase, while Uber Eats earned $392 million, also up 105% YoY. Despite their growth, both segments still posted losses, with Uber Freight losing $81 million and Uber Eats losing $316 million.
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Glovo acquires Poland's PizzaPortal to beat Uber Eats for $39 million - Business InsiderGlovo, a food delivery app which is thrashing Uber Eats in parts of Europe, just acquired a Polish competitor for $39 million
مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »
After Its Much-Hyped IPO, Uber Has Hemorrhaged Billions Of Dollars—Is Its Business Model Sustainable?Uber was one of the most highly anticipated unicorn IPOs of 2019, but it has hemorrhaged billions of dollars ever since—is its business model sustainable? Articles like this should come with a disclaimer- WARNING: there is zero insight in this article, you will not be any smarter after reading it, and you will have wasted 5 to 7 minutes of your life that you will never get back. Anyone who has ever taken Uber or Lyft would NEVER go back to taxis - even at the same price - so there's room to raise prices. I still pay half what I used to pay for a taxi to go on a airport run. Even at the same price the experience is far superior to any taxi service.
مصدر: Forbes - 🏆 394. / 53 اقرأ أكثر »