Uber made last half year loss of at least $ 1.2 billion, reports Bloomberg. The taxi app needs to make his profit and loss figures officially unknown, but talk every three months with its shareholders over the last routine.
Last Friday told CFO Gautam Gupta, according to the news agency that the company in the second quarter of approximately $ 750 million loss turned. In the first quarter this year was already $ 520 million, before the deduction of interest, taxes, depreciation and amortization.
The largest cost for the company are the payouts of drivers, Gupta told investors. The company puts a lot of money in growth, so invested last another $ 1 billion in Chinese competitor Didi Chuxing.
Uber did not respond immediately to a request for comment.
Billions earnings
The loss is huge, says Aswath Damodaran, professor of business administration at New York University, in a blog. “You’ll find little technology as quickly as many debts.”
Moreover, it is not
Is it bad?
Last year denied founder Travis Kala Nick still his company quickly wants to bring the fair. “That’s much too early,” he said about it.
RTL Z-purse commentator Durk Veenstra thinks the losses at that time “undoubtedly decline.” “As long as sales continue to grow, it is not a problem for investors. Uber investing now especially in the future to gain market share. This is most important for this type of company. The question is whether you Uber shares should buy if the company does an IPO is because you do not know if it is already at its peak. “
RTL Z
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