Uber’s Q1 results show 67% growth in revenue to 2.5 billion (excluding sale of Southeast Asia assets), 50% reduction in operating losses

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www.cnbc.com/2018/05/23/uber-q1-financial-data-increased-sales-valuation-with-new-tender-offer.html

This kind of growth is pretty much unprecedented at that scale of revenue. This is even more impressive when you consider that 2017 was a difficult year in terms of PR, and that they also gave up a lot of geographical scale in China.

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It’s very possible they could IPO with more revenue than Wall Street darling Netflix, and have more avenues for faster growth than Netflix, with huge markets like Latin America and India, and other verticals like UberEats, UberFreight and JUMP.

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Also, Dara mentioned that Uber and Lyft together account for only 0.5% of all miles travelled by people in the US. That’s a huge huge amount of room to grow into.

 

AC

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