Nowadays people talk about Uber, the subtext seems to have become, this unprofitable guy has lost a lot this quarter. With such “glasses” to look at Uber’s third-quarter earnings report, there is no shortage of highlights, but in the face of the $20 billion share ban, it has become more worrying.
This article was published in the Tiger Securities community, which is the community sector of Tiger Trade’s stock trading software Tiger Trade
Head of the biggest unicorn aura of this year, the most anticipated IPO after Facebook, Uber’s controversy and experience of stock price struggles after listing, as much as it has received. Nowadays people talk about Uber, the subtext seems to have become, this unprofitable guy has lost a lot this quarter. With such “glasses” to look at Uber’s third-quarter earnings report, there is no shortage of highlights, but in the face of the $20 billion share ban, it has become more worrying.
Uber with “profit first”, travel business first achieves positive EBITDA
Unlike the accidents and frights of the previous quarter, Uber met the standard in the core indicator revenue and EPS. The Tiger Securities Investment Research team believes that this is already a plus item.
With regard to the market’s full-fledged earnings doubts, UBER first announced a high-profile announcement that the car business achieved a positive EBITDA of US$623 million, which was profitable for eight consecutive quarters of adjusted EBITDA.
In addition, the CEO also said that the adjusted EBITDA for the entire company will be positive in 2021. This declaration, like competitor Lyft’s profit before 2021, then stepped up the annual 2019 guidance for the whole year:
This year’s adjusted EBITDA loss is expected to be between $2.8 billion and $2.9 billion.
The above-mentioned overall data came out, setting a positive tone for the Q3 financial report.
The Tiger Securities Investment Research team believes that for Uber’s share price, short-term problems can be credible in improving the profitability of riding, and investors can see Uber eats and freight can be a good investment.
