Uber Says Sales Growth Outpaces Losses
bloomberg.com
Uber Says Sales Growth Outpaces Losses
1–10 of 141 posts
Re: Uber Says Sales Growth Outpaces Losses
#2> Uber said it uses generally accepted accounting principles. Revenue includes only the portion Uber takes from fares, except in the case of its carpooling service; the company counts the entire amount of an UberPool fare as revenue.
Does this mean Uber technically recognizes more revenue from from a $6 UberPool ride than a $20 UberX ride?
Re: Uber Says Sales Growth Outpaces Losses
#3> Uber said it uses generally accepted accounting principles. Revenue includes only the portion Uber takes from fares, except in the case of its carpooling service; the company counts the entire amount of an UberPool fare as revenue. Does this mean Uber technically recognizes more revenue from from a $6 UberPool ride than a $20 UberX ride?
That sentence seems like its intention is to confuse the reader. To me it means for UberX: Fare - Cost = Revenue, and for UberPool: Fare = Revenue.
Re: Uber Says Sales Growth Outpaces Losses
#4> Uber said it uses generally accepted accounting principles. Revenue includes only the portion Uber takes from fares, except in the case of its carpooling service; the company counts the entire amount of an UberPool fare as revenue. Does this mean Uber technically recognizes more revenue from from a $6 UberPool ride than a $20 UberX ride?
I think so!
Re: Uber Says Sales Growth Outpaces Losses
#5> Uber said it uses generally accepted accounting principles. Revenue includes only the portion Uber takes from fares, except in the case of its carpooling service; the company counts the entire amount of an UberPool fare as revenue. Does this mean Uber technically recognizes more revenue from from a $6 UberPool ride than a $20 UberX ride?
Can someone explain how GAAP would consider only Uber's share of an UberX revenue, but the entirety of an UberPool as revenue? This doesn't really make sense to me.
Re: Uber Says Sales Growth Outpaces Losses
#6 “We’re fortunate to have a healthy and growing business"
Re: Uber Says Sales Growth Outpaces Losses
#7> Uber said it uses generally accepted accounting principles. Revenue includes only the portion Uber takes from fares, except in the case of its carpooling service; the company counts the entire amount of an UberPool fare as revenue. Does this mean Uber technically recognizes more revenue from from a $6 UberPool ride than a $20 UberX ride?
This is probably basically about the fact that driver portion is more complicated in UberPool than in the rest of their services.
It's to Uber's credit that on an ordinary ride, they don't try to claim that they have revenue equal to the entire fare. That would be an easy way for them to make their top-line financials look way more palatable than they actually are (ie, that they lost about $3B on $20B, rather than $3B on $7B).
But it may be genuinely hard to report on just the share of UberPool revenue that does not go to the driver, as my understanding is that the calculation is much more complicated in that case.
Re: Uber Says Sales Growth Outpaces Losses
#8> Uber said it uses generally accepted accounting principles. Revenue includes only the portion Uber takes from fares, except in the case of its carpooling service; the company counts the entire amount of an UberPool fare as revenue. Does this mean Uber technically recognizes more revenue from from a $6 UberPool ride than a $20 UberX ride?
Yes, and they would take a corresponding gross margin hit as the driver's payment comes from revenue rather than being accounted for before it.
I do not think this a shell game to make the revenue number larger. The way drivers are paid while driving UberX vs. Uber Pool is different, and that probably has accounting rule impact.
Re: Uber Says Sales Growth Outpaces Losses
#9> Uber said it uses generally accepted accounting principles. Revenue includes only the portion Uber takes from fares, except in the case of its carpooling service; the company counts the entire amount of an UberPool fare as revenue. Does this mean Uber technically recognizes more revenue from from a $6 UberPool ride than a $20 UberX ride?
Can someone explain how GAAP would consider only Uber's share of an UberX revenue, but the entirety of an UberPool as revenue? This doesn't really make sense to me.
Drivers are charged a percentage-fee for Uber's share of the ride in UberX. In Uber Pool, the driver is paid by Uber (as opposed to just through Uber) a variable amount that is not as easy for us on the outside to calculate as the percentage model.
Re: Uber Says Sales Growth Outpaces Losses
#10"We'll make it up in volume!"