Is the growth slowing down? Just a reference, Google grew 18% in Q1 on a $22B revenue and Amazon grew almost 25% on a $30B in revenue. http://www.cnbc.com/2017/05/31/uber-posts-massive-loss-wsj.html Ahh I see, this is in comparison to Uber Q4 revenue, which would be traditionally higher.
revenue is not the real story here, because revenue moves up by shifting the mix to Uber pool. the real metric is bookings, which free 8.7 percent, far less impressive, but still growing..
It's very unclear since it's not yoy comparison. Different industries have different qoq patterns so there is no way to compare how Uber did q4 vs q1 against say Google q4 vs q1.
What was the booking growth last quarter
8.7 percent but q over q
Is there a path to IPO?
1.18^4=2 so YoY could be 100%
Bs metric due to how Uber pool revenue is calculated.
Easy to grow revenue when you lose money on every transaction. When are you going to stop subsidizing rides?
Why does the article say path to profitability with 700MM in losses?
UberPool is inflating the gross bookings. In Q4 their net revenue as a % of GB was 42%. That jumped to 48% in Q1 (reference they only take around 30% of the total fare net driver payouts). Gross Bookings materially slowed from a quarterly gain of $1.7B Q3-Q4 to $621M Q4-Q1. Based on the information available it's looks like they had to sacrifice significant growth to cut the burn rate and loss per ride QoQ. @Uber people - is this analysis correct? Source: http://bgr.com/2017/04/14/uber-2016-profit-loss-financials/amp/
The buzz feed article was saying the same thing. Their figures showed inverse correlation between burn rate and growth, more so for uber pool. https://www.buzzfeed.com/priya/uber-pool-burn-rate-frisco?s=mobile_app&utm_term=.lclK4eN2Qd#.fvGQ52YxE8
Your analysis is not taking seasonality into account. Q4 tends to be the most popular quarter with Q1 as the weakest. Overall growth continues to be very strong
In cities Uber is facing intense competition from ride sharing competitors - Wazerider, Scoop. These serve most of the weekday rides (home to office & back) leaving Uber to pick up scraps. Wonder how Uber will survive excluding by not winning in top cities
I think that's 18% sequentially (quarter over quarter), not year over year.
yes. Updated the question