The August 2018 restriction on licenses by the New York City Council is a blow for Uber and would mean a pause on any new licenses for the ride-sharing service in the city for a 12-month period.

Management views Driver incentives and Driver referrals as Driver payments in the aggregate, whether they are classified as Driver incentives, excess Driver incentives, or Driver referrals. “Adjusted Net Revenue,” “Rides Adjusted Net Revenue” and “Eats Adjusted Net Revenue” and constant currency are non-GAAP measures as defined by the SEC. The total net loss came in at 68 cents a share, better, in fact, than the 81 cents a share loss expected by the Street. Investopedia requires writers to use primary sources to support their work. To opt in to receive investor email alerts, please enter your email address in the field below and select at least one alert option. Rumor has it that the concept for Uber was born one winter night during the conference when the pair was unable to get a cab. See “Definitions of Non-GAAP Measures” and “Reconciliations of Non-GAAP Measures” sections herein for an explanation and reconciliations of non-GAAP measures used throughout this release. Adjustments to reconcile net income (loss) to net cash used in operating activities: We present constant currency growth rate information to provide a framework for assessing how our underlying revenue and ANR performed excluding the effect of foreign currency rate fluctuations.

“Freight Adjusted Net Revenue”, “Other Bets Adjusted Net Revenue” and “ATG and Other Technology Programs Adjusted Net Revenue” are equal to GAAP net revenue in all periods presented. “These exits are partly a function of them making sure they meet that target.”Uber is dealing with other challenges. Uber Eats revenue increased from $587 million in 2017 to $1.5 billion in 2018, a (148.7%) increase.

Redeemable convertible preferred stock, $0.00001 par value, 946,246 and zero shares authorized, 903,607 and zero shares issued and outstanding, respectively; aggregate liquidation preference of $14 and $0, respectively Growth, yes, but perhaps not enough, at first blush, at least for some observers.Profits, yes – on the horizon, according to management.Revenues of $3.8 billion were better than the $3.7 billion expected, up 30 percent year over year.And looking at the bottom line, the net loss of $1.1 billion included $400 million in stock-based compensation. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. Despite the lower valuation, Uber today is valued more than the market cap of Ford Motor Company ( The following table summarizes total stock-based compensation expense by function (in millions): On Jan. 1, California legislation went into effect that The company also faces hurdles in London, one of its biggest markets. “Adjusted EBITDA” is a non-GAAP measure as defined by the SEC. The company said in supplemental materials that the take rates for Rides, which were up 19 percent to $2.9 billion, were up 128 basis points (quarter over quarter) and were up 43 basis points in Eats (quarter over quarter).With a bit more granular detail on the core ride business, the company’s monthly trips per monthly active platform customers were up 3.6 percent to 5.7. The company also plans to cut back on the discounts and coupons it has used to grow, he said, calling them “bookings that are essentially empty calories.”Uber had gone into retreat for much of 2019 after staging In response to its critics, Mr. Khosrowshahi has cut costs at the company and pulled back parts of its business.

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