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Uber S-1

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Re: Uber S-1

#51

Post by CydeWeys »

cududa wrote: post #36
buryat wrote: post #26

Earlier quoted context omitted.

Uber Eats revenue in 2018 is $1.46B which is pretty impressive regarding other income: > Gain on divestitures increased by $3.2 billion from 2017 to 2018. This increase was due to gains on the divestitures of our Russia/CIS and Southeast Asia operations. Covered on page 85, basically spinoffs with other regional leaders

Ive heard from reliable sources 10% of Uber Eats revenue goes to McDonald’s (not promotionally, in revenue)

Wow, that many people are ordering delivery McDonald's? Maybe McDonald's should start delivery services in some markets itself then?

Re: Uber S-1

#53

Post by CydeWeys »

jboy55 wrote: post #32

So 44% (4.4 billion) of their 2018 revenue was 'Other'. Gain on divestiture 3,214 Unrealized gain on investments 1,996 If this was pure cash going into their bank account, does it mean they ran out of cash in 2018? Their working capital was 4,900 billion at the end of 2018.

Do we know what "other" revenue even is?

Re: Uber S-1

#54

Post by smallgovt »

partingshots wrote: post #18

So... Let me see if I have this straight: 1. Uber is unprofitable and the only way it can become profitable is to get SDC's 2. Uber is significantly (years) behind Waymo in the SDC space. 3. Waymo will launch SDC taxi services first meaning: - When it puts in an order for SDC components no one else is going to be buying in bulk and thus it can have effectively 100% of capacity of these specialized equipment makers -…

Can't Uber become profitable by raising prices and lowering costs?

They have $40B in gross rideshare bookings and $3B in real losses for 2018.

Let's assume 20% of their costs are fixed and 80% are variable.

What might happen if they raise prices by 10%?

Gross bookings drop by 20% / Revenue per booking increase by 10% => $35.2B in gross bookings

Variable costs drop by 30% (due to lower driver acquisition costs since they're oversupplied) => $24B in variable costs

Fixed costs stay the same => $8.6B

That nets $2.6B profit. My numbers are estimations, but it wouldn't surprise me if they could reach profitability without SDC's.

Re: Uber S-1

#55

Post by scarface74 »

kapurs151 wrote: post #43

While I admit that the losses are staggering, the growth rates are also astounding: Revenue 2016: $3.8bn 2017: $7.9bn 2018: $11.27bn Trips 2016: 1.8bn 2017: 3.7bn 2018: 5.2bn The internet is such a game-changer.

Uber does not have a proven business model until they can be profitable. Once they reach sustainable profitability, I’ll be impressed.

We don’t know what the numbers look like until Uber either raises their prices or cuts their expenses to be viable long term.

Re: Uber S-1

#56

Post by nostrademons »

aphextron wrote: post #41
partingshots wrote: post #18

So... Let me see if I have this straight: 1. Uber is unprofitable and the only way it can become profitable is to get SDC's 2. Uber is significantly (years) behind Waymo in the SDC space. 3. Waymo will launch SDC taxi services first meaning: - When it puts in an order for SDC components no one else is going to be buying in bulk and thus it can have effectively 100% of capacity of these specialized equipment makers -…

Autonomous cars won’t be proprietary to each manufacturer or company. Once someone has perfected their system, everyone else will drop what they are doing and simply buy it like an OS. It’s all in the software; hardware required (cameras, radar, GPUs) is already cheap and ubiquitous. My money is on Tesla or comma.ai for this.

Most likely the business model for autonomous cars will be a rideshare - instead of selling the software, the company with the best software will buy cars and rent them out for rides via app. Waymo has already gone in this direction.

Also, Tesla Autopilot is a joke compared to what Waymo or even Cruise has.

Re: Uber S-1

#57

Post by nostrademons »

panarky wrote: post #35
partingshots wrote: post #18

So... Let me see if I have this straight: 1. Uber is unprofitable and the only way it can become profitable is to get SDC's 2. Uber is significantly (years) behind Waymo in the SDC space. 3. Waymo will launch SDC taxi services first meaning: - When it puts in an order for SDC components no one else is going to be buying in bulk and thus it can have effectively 100% of capacity of these specialized equipment makers -…

> can't imagine how Uber is worth anything If the operation doesn't make an economic profit, and if there isn't sufficient moat to defend the operation until it can become profitable, then I agree with you it's not worth anything. But in fact, Uber does have a massive moat -- its network of drivers and riders in thousands of cities around the world. No competitor is even close. It takes tremendous capital expenditure…

Grandparent post is assuming self-driving cars, which take one side of the network (the drivers) out of the equation entirely.

Re: Uber S-1

#58

Post by nemothekid »

buryat wrote: post #26
chollida1 wrote: post #10

Note: - Expected to be teh largest IPO this year in the US. - 10th largest all time - trying to raise around $10B - 2018 Year Ended Revenue $11.27 billion - 2018 Year Ended Net Income $997 million - 2017 Year End lost $4.03 billion. - 10 billion trips in September 2018, up from 5 billion in September 2017 - Gross Bookings From Ridesharing $41.5 billion in 2018 - Revenue From Ridesharing Products $9.2 Billion in 2018…

Uber Eats revenue in 2018 is $1.46B which is pretty impressive regarding other income: > Gain on divestitures increased by $3.2 billion from 2017 to 2018. This increase was due to gains on the divestitures of our Russia/CIS and Southeast Asia operations. Covered on page 85, basically spinoffs with other regional leaders

I'm surprised that Eats is doing more revenue than GrubHub and much more revenue than Caviar.

Re: Uber S-1

#59

Post by [deleted] »

CydeWeys wrote: post #51
cududa wrote: post #36

Earlier quoted context omitted.

Ive heard from reliable sources 10% of Uber Eats revenue goes to McDonald’s (not promotionally, in revenue)

Wow, that many people are ordering delivery McDonald's? Maybe McDonald's should start delivery services in some markets itself then?

[deleted]

Re: Uber S-1

#60

Post by darpa_escapee »

CydeWeys wrote: post #51
cududa wrote: post #36

Earlier quoted context omitted.

Ive heard from reliable sources 10% of Uber Eats revenue goes to McDonald’s (not promotionally, in revenue)

Wow, that many people are ordering delivery McDonald's? Maybe McDonald's should start delivery services in some markets itself then?

I'm noticing more chains offering delivery, I wouldn't be surprised if McDonald's is next.
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