from Hacker News

Uber Reports First Quarter 2019 Results

by thegranderson on 5/30/19, 8:12 PM with 2 comments

• by thegranderson on 5/30/19, 8:16 PM

  Press Release: https://investor.uber.com/news-events/news/press-release-det...

  Slides: https://s23.q4cdn.com/407969754/files/doc_financials/2019/Q1...

  Webcast (starting at 4:30pm EST): https://event.on24.com/wcc/r/2016299/F60DB6E5F5C638310AF5667...

• by thegranderson on 5/30/19, 8:21 PM

  Overall, seems like growth is slowing, especially in the ridesharing business, and losses keep expanding.

  Will be interesting to see how they frame that on the call, as 9% YoY growth in the ridesharing business (10% YoY on adjusted net revenue) does not typically garner a 4.5x+ revenue multiple when you're burning so much cash ($1B in the first quarter)