On Breakingviews – Uber earnings are winding road to nowhere, says johnsfoley:
FILE PHOTO: An Uber pick-up location is pictured in San Diego, California, September 30. 2019. REUTERS/Mike Blake/File Photo GLOBAL BUSINESS WEEK AHEAD
The numbers that reflect activity by Uber’s customers and passengers, from gross bookings and trips to revenue and adjusted net revenue, are all growing at a healthy clip. Other important figures remain stubbornly negative. Uber burned $2.5 billion of cash just to operate so far this year. It has enough cash to keep up that rate for four more years – but that’s a prerequisite for staying in business, not a boast.
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Uber Q3 earnings preview: Analyst commentary leading up to report - Business InsiderAfter Lyft's rosy results, Wall Street is expecting that Uber will show a similarly strong quarter as the competitive landscape cools down.
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After a chaotic first week, LAX will expand Uber, Lyft and taxi pickup lotFollowing days of complaints over long lines and long waits, Los Angeles International Airport will significantly expand the new pickup lot for Uber, Lyft and taxis, officials said Monday.
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Uber lost more than $1 billion in the third quarter, but revenue growth improvedUber is still reporting steep losses but its revenue growth is showing some promise.
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Uber Loses $1.1 Billion, Targets Profitability In 2021Uber's business is growing, but it's still a money-losing machine (at least until 2021).
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LAX's new system for Uber, Lyft and taxi pickups is plagued with long waitsOn Sunday night it took more than an hour for taxis to drive to the LAX rideshare pickup lot from a waiting zone that's about a five-minute walk away.
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Ahead of Uber earnings, these could be the most important levels to watchUber is gearing up for earnings after the bell today, its third release since going public. Investors should watch out for these levels after the report, says Miller Tabak's Matt Maley.
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