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Uber Reports 1 Billion Dollar Loss First Quarter 2019


PHOTO

SAN FRANCISCO-- Uber Technologies, Inc. announced financial results today for the quarter ended March 31, 2019.

"Earlier this month we took the important step of becoming a public company, and we are now focused on executing our strategy to become a one-stop shop for local transportation and commerce. In the first quarter, engagement across our platform was higher than ever, with an average of 17 million trips per day and an annualized gross bookings run-rate of $59 billion," said Dara Khosrowshahi, CEO. "Our global reach continues to be an important differentiator, and we maintained leadership of the ridesharing category in every region we serve."

Financial and Operational Highlights

  Three Months Ended March 31,  
(in millions, except per share amounts, and percentages) 2018     2019     % Change  
Gross Bookings $ 10,893 $ 14,649

34

%

Monthly Active Platform Consumers ("MAPCs") 70 93

33

%

Trips 1,136 1,550

36

%

Revenue $ 2,584 $ 3,099

20

%

Loss from operations $ (478 ) $ (1,034 )

(116

)%

Net income (loss) attributable to Uber Technologies, Inc. (1) $ 3,748 $ (1,012 )

**

Diluted net income (loss) per common share $ 1.84 $ (2.26 )

**

Adjusted Net Revenue (2) $ 2,423 $ 2,761 14 %
Core Platform Adjusted Net Revenue (2) $ 2,383 $ 2,616 10 %
Core Platform Contribution Margin (as a % of ANR) 17.9 % (4.5 )%

**

Adjusted EBITDA (2) $ (280 ) $ (869 ) (210 )%

(1) Q1 2018 includes $3.2 billion gain attributable to Grab and Yandex transactions.

 
 

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