Main article: Uber
2022
Loss - $9.1 billion, revenue - $31.88 billion
At the end of 2022, Uber Technologies' net loss reached $9.1 billion, an increase of about 18 times compared to the previous year, when losses amounted to $496 million. Such data are provided in the financial report published on February 8, 2023.
The revenue of the transportation service in 2022 was recorded at $31.88 billion. This is 83% more than in 2021, when the company received $17.46 billion. Uber speaks of an increase in orders in all directions - in the segments of passenger transportation, delivery and freight transportation.
In 2022, the total number of trips made by Uber drivers reached 7.64 billion. This is 20% more than the result for the previous year, when the number of trips was 6.37 billion. The total volume of orders in 2022 reached $115.4 billion, which is 28% more than in 2021 in the amount of $90.42 billion.
As of the end of 2022, the number of monthly active users of the platform was approximately 131 million - plus 11%, compared with 118 million at the end of the previous year. In the mobile segment, the number of Uber subscribers for the first time in the history of the company exceeded 100 million. It is noted that the penetration of the taxi aggregator service in some markets by the end of 2022 exceeded the indicators observed before the start of the COVID-19 pandemic.
 | The impact of the COVID-19 pandemic on our mobile business is now completely behind us. Our strategy is to provide consumers with all kinds of services for everyday use, whether it's pre-booking cars, booking taxis, commuting, micro mobility, renting cars or car sharing. We have already made significant progress on this front, "said Dara Khosrowshahi, chief executive officer of Uber.[1] |  |
Employees in the company exceeded 32 thousand.
2021: Revenue - $17.45 billion, loss - $496 million
At the end of 2021, Uber received a loss of $496 million compared to $6.768 billion in 2020, with revenue of $17.45 billion, while in 2020 the figure was $11.139 billion.
Diluted loss per share was $0.26 versus a loss of $3.86 in 2020. Revenue growth was provided by investments in a taxi aggregator, Grab as well as a manufacturer of unmanned vehicles. Aurora Innovation The successful investment in the shares of these companies allowed Uber to compensate for losses from equity participation in the taxi aggregator from DiDi , China which in December 2021 reported delisting New York Exchange from due to pressure from the Chinese authorities.
Uber's taxi orders are up 67% for the year, while food delivery orders are up 34% over the same period. Uber's passenger growth was hampered by the COVID-19 coronavirus pandemic. In 2021, Uber began to actively develop its division for the delivery of goods, the company began to offer customers food, alcohol, consumer goods. This approach made it possible to increase the number of orders in the delivery segment - the company made its first profit (service EBITDA reached $25 million). By the end of the year, Uber's share of delivery orders was 52% of the company's total.
Freight (Uber Fright) showed solid growth and improved EBITDA margins: with the acquisition of Transplace in November, freight revenue rose 245% year-on-year to $1.1 billion. Excluding Transportation, organic freight revenue rose 27% to $396 million.
For the whole of 2021, the cost of corporate general and administrative costs, research and development of platforms reached $1.9 billion, of which $1.2 billion fell on corporate administrative costs and $674 million on research and development of platforms.[2]
2020: Revenue decline by 14%, to $11.14 billion, net losses - $6.77 billion
Uber Technologies ended 2020 with revenue of $11.14 billion, down 14% from a year earlier. Excluding currency fluctuations, the indicator decreased by 13%. The company's net losses decreased - from $8.51 billion in 2019 to $6.77 billion a year later.
At the end of 2020, Uber users made 5.03 billion trips, which is 27% less than a year earlier. The total volume of customer expenses decreased by 11%, to $57.9 billion. This decline was the result of the COVID-19 coronavirus pandemic, due to which people began to spend more time at home, as a result of which the number of taxi trips decreased.
By the end of December 2020, the number of users who take an Uber taxi or order food through Uber Eats at least once a month amounted to 93 million people, which is 16% less than in the same period in 2019. The number of drivers connected to the Uber service was about 3.5 million.
Uber CEO Dara Khosrowshahi noted that the company sees an increase in demand for taxi services, although the indicators in individual countries differ. For example, the company's revenue in EMEA grew by 25%, and in Latin America and North America it decreased by 43% and 26%, respectively.
According to Uber's own data, the company's share of taxi calling services exceeds 65% in the United States, Canada, Latin America, Europe, Australia, New Zealand and the Middle East, Africa. In India, Uber at the end of 2020 was about 50%.
The reporting also provides data according to which the Uber application at the end of 2020 became the most popular in the Travel category in the world, and Uber Eats in the Food Delivery category.
Shares of Uber fell 4.9% on the day of the financial statements. The company's capitalization over the previous 12 months increased by 53% and exceeded $110 billion.[3]
2019
Losses - $8.51 billion
In 2019, Uber's revenue amounted to $14.15 billion, an increase of 26% compared to 2018. If you do not take into account fluctuations in exchange rates, the turnover increased by 28%. The taxi ordering service brought the company $10.75 billion, and the Uber Eats food ordering service - $2.5 billion.
Uber's net losses at the end of 2019 reached $8.51 billion. Most of such large losses - almost $4.6 billion - came from the payment of remuneration in the form of shares. $353 million was spent on fines in court proceedings, $353 million - on the payment of remuneration to drivers.
Uber linked its cash losses primarily to the Uber Eats food delivery service, which remains unprofitable, as well as the heavy costs of developing self-driving cars.
The company assured that in 2020 Uber Eats revenues will grow faster, and the service will leave the markets in which it cannot become the dominant player. In January 2020, Uber already sold its Indian food delivery division.
On the day of the 2019 financial statements, Uber shares rose 5.4% in price in electronic trading after the close of the main trading session.
Uber users made 6.9 billion trips in 2019, up 32% from a year earlier. The total volume of customer expenses increased by 31% and exceeded $65 billion.
By the end of 2019, the number of users who take an Uber taxi or order food through Uber Eats at least once a month amounted to 111 million people, which is 22% higher than the one-year-old figure of 91 million users, the report said.
| | 2019 has been a transformative year for Uber, and I am pleased with our progress, steadily fulfilling the commitments we made to our shareholders on our path to profitability, "said Uber CEO Dara Khosrowshahi.[4] | |
Uber Russia appeared in 104 new cities of Russia
Uber Russia service began working in 104 more cities of Russia. In honor of the mass launch in all new cities, a 10% discount on travel will be valid until the end of February. You can download Uber Russia from the App Store and Google Play.
In total, if you count small cities with a population of about 50 thousand people, Uber Russia is available in more than 250 cities of Russia - from Kaliningrad in the west to Petropavlovsk-Kamchatsky in the east. In addition, Uber Russia can be used in Azerbaijan, Belarus and Kazakhstan, for this you do not need to install other applications.
To order a car, you need to install an application on your phone, Uber Russia will automatically determine the user's location and send an order to the driver who can arrive the fastest.
You can pay for the trip in cash or by bank card in the application - the amount will be written off automatically at the end of the journey. Users see the cost of the trip in advance when they indicate the final point of the route. The price will not increase, even if traffic jams arise on the way or the driver has to deviate from the route.
Uber Russia is an updated version of the Uber app. It was developed specifically for Russia and added new features. For example, users can now write a comment on the order, add intermediate addresses on the trip, pay for the order using Apple Pay and Google Pay, and leave a tip to the driver.
2018: Revenue growth of 43% to $11.3 billion; losses decreased 26.6% to $3.3 billion
Uber ended 2018 with revenue of $11.3 billion, an increase of 43% compared to the previous year. The volume of orders (the total cost of all trips and orders in the Uber Eats food delivery service before the commission) reached $50 billion, which is 45% more than in 2017.
As noted by the Reuters news agency, Uber's revenue is growing more and more slowly due to the continued subsidization of trips in markets with high competition, as a result of which the further rise in service revenues is in question.
The company's net loss at the end of 2018 amounted to $3.3 billion, which is 26.6% less than the cash losses of a year ago. The indicated loss does not take into account the profit from the sale of assets in Russia and Southeast Asia (Uber combined its Russian business with Yandex.Taxi). If we do not take into account legal costs, payments of remuneration on shares, taxes, interest on loans, as well as other one-time costs, then in 2018 Uber registered a loss of $1.8 billion against $2.2 billion a year earlier.
| | Last year was the most successful for us, and in the fourth quarter another record was set for the number of users of our service, "said Uber Chief Financial Officer Nelson Chai, summing up the results of 2018. | |
He also added that Uber Eats "has become the largest food delivery business Internet beyond," Uber China Freight's ride-hailing ordering service is "gaining momentum in," and USA e-scooters and e-bikes appeared in more than 10 cities in 2018.
As a non-public company, Uber is not required to report to regulators on its financial results. However, the company has been publishing reports for several quarters in preparation for an initial public offering that could take place in the second quarter of 2019.[5]
2017: Record losses - $4.5 billion
In 2017, Uber Technologies, which develops the taxi ordering service of the same name, recorded the largest losses in its history - $4.5 billion. Compared to 2016, when cash losses were measured at $2.8 billion, losses increased by 61%.
At the same time, Uber's revenue is also growing: if in 2016 it was at the level of $6.5 billion, then a year later sales increased to $7.5 billion.
According to Bloomberg, by the end of 2017, the American company had $6 billion in free cash at its disposal, which is 13% less than a year earlier.
Financial Uber CEO Dara Khosrowshahi announced its performance at a conference with investors. Later, the service provided some numbers to representatives MEDIA, , including Bloomberg.
Uber does not disclose more detailed financial and operating performance. The company is not required to put them out in public because it is private. However, there are more and more rumors about Uber going public.
2017 turned out to be a tough year for Uber, given the numerous lawsuits and a series of scandals related to sexual harassment among employees and surveillance of users and government officials.
In February 2018, Uber settled a lawsuit with Waymo (a subsidiary of Alphabet) and agreed to pay it $245 million in its shares. This amount was included in the financial statements for 2017.
If we do not take into account legal costs, payments of remuneration on shares, taxes, interest on loans, as well as other one-time costs, then in 2017 Uber received a loss of $2.2 billion.
Bloomberg notes that it is not easy to compare Uber's performance, as the company did not report full financial data in 2016, and subsequently also changed its revenue accounting principles. The company is known to have suffered several billion dollars in losses in China before selling local businesses.[6]
2016: App audience - 100 million users
Notes
- ↑ Uber Announces Results for Fourth Quarter and Full Year 2022
- ↑ Uber Announces Results for Fourth Quarter and Full Year 2021
- ↑ Uber Announces Results for Fourth Quarter and Full Year 2020
- ↑ Uber Announces Results for Fourth Quarter and Full Year 2019
- ↑ Uber posts $50 billion in annual bookings as profit remains elusive ahead of IPO
- ↑ Uber Quarterly Sales Rose 61% to $2 Billion Amid Heavy Loss
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