Uber Revenue Growth Slows, Losses Persist as 2019 IPO Draws Near
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Re: Uber Revenue Growth Slows, Losses Persist as 2019 IPO Draws Near
#2> Of the $11.4 billion in net revenue the company generated in 2018, $3 billion came in the last three months of the year, up only 2 percent from the previous quarter.
To what degree does Uber's main business have seasonality? Are people going more places when it's nicer out in the Northern hemisphere?
Re: Uber Revenue Growth Slows, Losses Persist as 2019 IPO Draws Near
#3I wonder how much effect it would have on sales volume if ride prices were adjusted upwards to the break-even point? They must know what they are doing but it almost always seems counterintuitive to me to sell below cost over a long time period.
I like Uber as a service but I don’t really care how they do, except that a friend works at their AI lab.
Re: Uber Revenue Growth Slows, Losses Persist as 2019 IPO Draws Near
#4I think uber’s rewards program will be successful and boost sales. I’ve switched all of my business meals and longer rides to Uber for this alone. Other food delivery services don’t offer a clear kickback. Lyft has a nice but poorly thought out program that gives you $5 in personal credit for every 5 business trips no matter how short.
Re: Uber Revenue Growth Slows, Losses Persist as 2019 IPO Draws Near
#5> Of the $11.4 billion in net revenue the company generated in 2018, $3 billion came in the last three months of the year, up only 2 percent from the previous quarter. To what degree does Uber's main business have seasonality? Are people going more places when it's nicer out in the Northern hemisphere?
I'd expect it to be positively correlated with nice weather in tourist destinations, because more people would be in town at all. I'd expect it to be inversely correlated in major urban centers, because the number of people needing to get around will have less seasonal variability, and walking, waiting for a bus and riding a bike are all relatively more attractive options when it's not gross outside.
Re: Uber Revenue Growth Slows, Losses Persist as 2019 IPO Draws Near
#6> Of the $11.4 billion in net revenue the company generated in 2018, $3 billion came in the last three months of the year, up only 2 percent from the previous quarter. To what degree does Uber's main business have seasonality? Are people going more places when it's nicer out in the Northern hemisphere?
People go more places, but they're more likely to walk.
This is if my two options are walking or staying dry/warm in a car.
Re: Uber Revenue Growth Slows, Losses Persist as 2019 IPO Draws Near
#7> Of the $11.4 billion in net revenue the company generated in 2018, $3 billion came in the last three months of the year, up only 2 percent from the previous quarter. To what degree does Uber's main business have seasonality? Are people going more places when it's nicer out in the Northern hemisphere?
The biggest days are going to be holidays...NYE and Halloween are probably #1/#2.
Re: Uber Revenue Growth Slows, Losses Persist as 2019 IPO Draws Near
#8> Of the $11.4 billion in net revenue the company generated in 2018, $3 billion came in the last three months of the year, up only 2 percent from the previous quarter. To what degree does Uber's main business have seasonality? Are people going more places when it's nicer out in the Northern hemisphere?
The biggest days are going to be holidays...NYE and Halloween are probably #1/#2.
I'm not sure any one day is super important, but I honestly just don't know.
Is 1 or 2 spikes in a season that lasts months going to carry you, especially when supply is limited?
Re: Uber Revenue Growth Slows, Losses Persist as 2019 IPO Draws Near
#9> Of the $11.4 billion in net revenue the company generated in 2018, $3 billion came in the last three months of the year, up only 2 percent from the previous quarter. To what degree does Uber's main business have seasonality? Are people going more places when it's nicer out in the Northern hemisphere?
Here in SF, I notice surge pricing is at it's worst when it's cold or raining. Bad weather seems to compel people to order a car instead of walking or dealing with public transit. I know it does for me.
Re: Uber Revenue Growth Slows, Losses Persist as 2019 IPO Draws Near
#10I wonder how much effect it would have on sales volume if ride prices were adjusted upwards to the break-even point? They must know what they are doing but it almost always seems counterintuitive to me to sell below cost over a long time period. I like Uber as a service but I don’t really care how they do, except that a friend works at their AI lab.
It seems odd to me as well. I don’t use these services a lot but when I do it’s almist always because they’re better than dealing with a taxi. Rarely do I choose them on the basis of price.