Aug 23, 2017

Axios PM

By Mike Allen
Mike Allen
Exclusive: Inside Uber's financials

Axios business editor Dan Primack, who is currently on vacation, landed the most recent Uber financial numbers:

  • "Uber's gross bookings were up 17% in the second quarter..."
  • " [T]he number of trips taken rose 150% in the past year and its adjusted loss fell..."
  • "Uber had $6.6 billion in cash at quarter's end, down from around $7.2 billion at the end of Q1."
  • "Uber drivers have earned $50 million in tips since the program started in late June."

"Why it matters: Uber spent most of the quarter under the cloud of a well-publicized internal investigation into sexual harassment and other unsavory aspects of company culture, and ended it with the forced resignation of CEO Travis Kalanick. The ride-hail giant's core business, however, appears to have kept humming along."

Dive right in...

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Mike Allen