If growth is at the rendezvous, car reservation service with drivers continue to accumulate heavy losses …
(Boursier.com ) – Uber Technologies continues to suffer heavy losses … According to information from Bloomberg, citing people familiar with the American group, car reservation service with drivers would have recorded a negative EBITDA of more than $ 750 million in the second quarter after a loss of $ 520 million during the first three months of the year.
the company’s deficit and reach nearly $ 1.3 billion in the first half of 2016.
Over 4 billion in losses since the beginning
Gautam Gupta, the financial manager of Uber told the shareholders of the company, that grants to drivers would be mostly behind these heavy losses.
Created seven years ago, Uber would have lost well over $ 4 billion since its inception … Abused in China, Uber eventually ally with its main competitor in engulfed the country after billions of dollars in a few years.
in the US, the group is facing stiff competition from Lyft, even if he keeps for now a comfortable lead … Lyft buyback rumors, looking for a strong partner to better compete with Uber, circulating for some time. General Motors, Apple, Google have been named as potential suitors …
Growth always what you
Despite the stiff competition worldwide and heavy investment that weigh on profitability, Uber continues to display an insolent growth. Net income of the company and have increased 18% in the second quarter, from $ 960 million during the first three months of the year, to $ 1.1 billion.
The reservations have to their side climbed above the threshold of $ 5 billion … According to the latest estimates, the valuation Uber now reach nearly $ 70 billion …
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