Author Zeng Zeng? happy
Editor Yang Yaru
Since its establishment in 2009, Uber has been losing money continuously for 10 years, which has also become a true portrayal of the online car market.
On February 7th, Uber released its fourth quarter and annual financial report for 20 19. The financial report shows that as of the fourth quarter of 20 19, 12, 3/kloc-0, Uber's revenue was 4.069 billion US dollars, up 36.82% year-on-year, better than analysts' expectation of 4.060 billion US dollars. The net loss was $6543.8+$96 million, an increase of 24.83% over the same period of last year, which was less than the market expectation. 20 19 in the fourth quarter, Uber's revenue growth was mainly due to its online car ride, Uber? The growth of Eats and freight services; The net loss increased year-on-year, mainly due to the inclusion of $243 million in equity incentive fees in Uber's financial report.
In 20 19, Uber's revenue was $65,438+0,465,438+47 million, a year-on-year increase of 25.53%; The adjusted net income was $6,543.8+$02.897 billion, up 25.25% year-on-year. It is worth mentioning that Uber's annual net loss exceeds $8.5 billion.
Uber shares rose 6.69% to $39.57 per share after the earnings report was released. As of press time, Uber's share price rose 0.76% to $37.09/share, with a market value of $63.27 billion.
In the last quarter of 20 19, Uber's better-than-expected financial performance seemed to restore Uber's confidence. Uber said that the company expects to achieve profitability by the end of 2020. This is a whole year ahead of its previous profit target.
In 20 19, Uber's revenue has always maintained steady growth. In fact, the network car has always been Uber's main business. However, the "slow passenger growth" has also been a long-term problem facing Uber, which is also regarded by the outside world as the main reason for Uber's poor financial situation.
Judging from the number of active passengers on the platform, the number of active passengers in Uber in the fourth quarter was 201.1/billion, and the growth rate of active passengers slowed down to 2 1.98%, making it the slowest quarter of Uber in 20 19.
From the business with outstanding revenue performance, in the fourth quarter of 20 19, Uber's auto service revenue was US$ 3.056 billion, a year-on-year increase of 27.33%; Uber? Eats business income was $734 million, a year-on-year increase of 67.96%; The freight business income was USD 2,654,388+0.9 million, up by 75.20% year-on-year.
Although revenue has increased steadily, Uber's losses continue. Due to the expansion of Uber? The expenses of Eats food distribution business cost Uber a lot. 20 19 in the fourth quarter, Uber's total cost was USD 5.04 billion, up by 25. 16% year-on-year. Among them, in order to encourage food distributors, Uber spent $3,654,388+0.9 million in the fourth quarter; In terms of incentives for taxi drivers, Uber spent 20 million US dollars in the fourth quarter.
Uber CEO Dara? Khosrowshahi said: "For Uber, 20 19 is a year of transformation, and I am satisfied with our progress. We realize that the era of pursuing growth at all costs is over. In today's world, investors demand profit growth, and we have the ability to win through continuous innovation, excellent execution and unparalleled global platform scale. "
In 20 19, Uber was caught in the dilemma of layoffs, stock price volatility and unsatisfactory development of autonomous driving business. For Uber, the current story is obviously not enough to achieve profitability at the end of this year.
Editor: Yang Yaru
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.