Company profile

Ticker
UBER
Exchange
CEO
Dara Khosrowshahi
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
452647441

UBER stock data

(
)

Calendar

9 Aug 19
19 Sep 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Jun 18 Mar 18
Revenue 3.17B 3.1B 2.77B 2.58B
Net income -5.24B -1.01B -878M 3.75B
Diluted EPS -4.72 -2.26 -2.01 1.84
Net profit margin -165% -32.66% -31.72% 145%
Operating income -5.49B -1.03B -739M -478M
Net change in cash 6B 98M 931M
Cash on hand 11.74B 5.75B 5.65B 4.72B

Financial data from Uber earnings reports

Financial report summary

?
Competition
Booking
Risks
  • The personal mobility, meal delivery, and logistics industries are highly competitive, with well-established and low-cost alternatives that have been available for decades, low barriers to entry, low switching costs, and well-capitalized competitors in nearly every major geographic region. If we are unable to compete effectively in these industries, our business and financial prospects would be adversely impacted.
  • To remain competitive in certain markets, we have in the past lowered, and may continue to lower, fares or service fees, and we have in the past offered, and may continue to offer, significant Driver incentives and consumer discounts and promotions, which may adversely affect our financial performance.
  • We have incurred significant losses since inception, including in the United States and other major markets. We expect our operating expenses to increase significantly in the foreseeable future, and we may not achieve profitability.
  • Our business would be adversely affected if Drivers were classified as employees instead of independent contractors.
  • If we are unable to attract or maintain a critical mass of Drivers, consumers, restaurants, shippers, and carriers, whether as a result of competition or other factors, our platform will become less appealing to platform users, and our financial results would be adversely impacted.
  • Our workplace culture and forward-leaning approach created operational, compliance, and cultural challenges, and a failure to address these challenges would adversely impact our business, financial condition, operating results, and prospects.
  • Maintaining and enhancing our brand and reputation is critical to our business prospects. We have previously received significant media coverage and negative publicity, particularly in 2017, regarding our brand and reputation, and failure to rehabilitate our brand and reputation will cause our business to suffer.
  • Our workforce and operations have grown substantially since our inception and we expect that they will continue to do so. If we are unable to effectively manage that growth, our financial performance and future prospects will be adversely affected.
  • If platform users engage in, or are subject to, criminal, violent, inappropriate, or dangerous activity that results in major safety incidents, our ability to attract and retain Drivers, consumers, restaurants, shippers, and carriers may be harmed, which could have an adverse impact on our reputation, business, financial condition, and operating results.
  • We are making substantial investments in new offerings and technologies, and expect to increase such investments in the future. These new ventures are inherently risky, and we may never realize any expected benefits from them.
  • Our business is substantially dependent on operations outside the United States, including those in markets in which we have limited experience, and if we are unable to manage the risks presented by our business model internationally, our financial results and future prospects will be adversely impacted.
  • We have limited influence over our minority-owned affiliates, which subjects us to substantial risks, including potential loss of value.
  • We may experience significant fluctuations in our operating results. If we are unable to achieve or sustain profitability, our prospects would be adversely affected and investors may lose some or all of the value of their investment.
  • If our growth slows more significantly than we currently expect, we may not be able to achieve profitability, which would adversely affect our financial results and future prospects.
  • We generate a significant percentage of our Gross Bookings from trips in large metropolitan areas and trips to and from airports. If our operations in large metropolitan areas or ability to provide trips to and from airports are negatively affected, our financial results and future prospects would be adversely impacted.
  • If we fail to develop and successfully commercialize autonomous vehicle technologies or fail to develop such technologies before our competitors, or if such technologies fail to perform as expected, are inferior to those of our competitors, or are perceived as less safe than those of our competitors or non-autonomous vehicles, our financial performance and prospects would be adversely impacted.
  • Our business depends on retaining and attracting high-quality personnel, and continued attrition, future attrition, or unsuccessful succession planning could adversely affect our business.
  • The impact of economic conditions, including the resulting effect on discretionary consumer spending, may harm our business and operating results.
  • Increases in fuel, food, labor, energy, and other costs could adversely affect our operating results.
  • We will require additional capital to support the growth of our business, and this capital might not be available on reasonable terms or at all.
  • If we experience security or data privacy breaches or other unauthorized or improper access to, use of, disclosure of, alteration of or destruction of our proprietary or confidential data, employee data, or platform user data, we may face loss of revenue, harm to our brand, business disruption, and significant liabilities.
  • If we are unable to introduce new or upgraded products, offerings, or features that Drivers, consumers, restaurants, shippers, and carriers recognize as valuable, we may fail to retain and attract such users to our platform and our operating results would be adversely affected.
  • If we are unable to manage supply chain risks related to New Mobility products within our Personal Mobility offering such as dockless e-bikes and e-scooters and advanced technologies such as autonomous vehicles, our operations may be disrupted.
  • We track certain operational metrics and our category position with internal systems and tools, and our equity stakes in minority-owned affiliates with information provided by such minority-owned affiliates, and do not independently verify such metrics. Certain of our operational metrics are subject to inherent challenges in measurement, and real or perceived inaccuracies in such metrics may harm our reputation and negatively affect our business.
  • In certain jurisdictions, we allow consumers to pay for rides and meal deliveries using cash, which raises numerous regulatory, operational, and safety concerns. If we do not successfully manage those concerns, we could become subject to adverse regulatory actions and suffer reputational harm or other adverse financial and accounting consequences.
  • Loss or material modification of our credit card acceptance privileges could have an adverse effect on our business and operating results.
  • The successful operation of our business depends upon the performance and reliability of Internet, mobile, and other infrastructures that are not under our control.
  • We rely on third parties maintaining open marketplaces to distribute our platform and to provide the software we use in certain of our products and offerings. If such third parties interfere with the distribution of our products or offerings or with our use of such software, our business would be adversely affected.
  • Our business depends upon the interoperability of our platform across devices, operating systems, and third-party applications that we do not control.
  • We rely on third parties for elements of the payment processing infrastructure underlying our platform. If these third-party elements become unavailable or unavailable on favorable terms, our business could be adversely affected.
  • Computer malware, viruses, spamming, and phishing attacks could harm our reputation, business, and operating results.
  • Our platform is highly technical, and any undetected errors could adversely affect our business.
  • We currently rely on a small number of third-party service providers to host a significant portion of our platform, and any interruptions or delays in services from these third parties could impair the delivery of our products and offerings and harm our business.
  • Our use of third-party open source software could adversely affect our ability to offer our products and offerings and subjects us to possible litigation.
  • We have incurred a significant amount of debt and may in the future incur additional indebtedness. Our payment obligations under such indebtedness may limit the funds available to us, and the terms of our debt agreements may restrict our flexibility in operating our business.
  • We may have exposure to materially greater than anticipated tax liabilities.
  • Changes in global and U.S. tax legislation may adversely affect our financial condition, operating results, and cash flows.
  • Our ability to use our net operating loss carryforwards and certain other tax attributes may be limited.
  • We are exposed to fluctuations in currency exchange rates.
  • Our potential acquisition of Careem is subject to a number of risks and uncertainties.
  • If we are unable to identify and successfully acquire suitable businesses, our operating results and prospects could be harmed, and any businesses we acquire may not perform as expected or be effectively integrated.
  • We may continue to be blocked from or limited in providing or operating our products and offerings in certain jurisdictions, and may be required to modify our business model in those jurisdictions as a result.
  • Our business is subject to numerous legal and regulatory risks that could have an adverse impact on our business and future prospects.
  • We may face legal risks specific to our new dockless e-bike and e-scooter products, including those that result from quality problems that may arise with our hardware products, which may result in product recalls, litigation, enforcement actions, or regulatory proceedings, and could adversely affect our business, brand, financial condition, and results of operations.
  • Our dockless e-bikes and e-scooters are currently subject to operating restrictions or caps in certain cities and municipalities.
  • Changes in, or failure to comply with, competition laws could adversely affect our business, financial condition, or operating results.
  • Our business is subject to extensive government regulation and oversight relating to the provision of payment and financial services.
  • We currently are subject to a number of inquiries, investigations, and requests for information from the DOJ and other U.S. and foreign government agencies, the adverse outcomes of which could harm our business.
  • We face risks related to our collection, use, transfer, disclosure, and other processing of data, which could result in investigations, inquiries, litigation, fines, legislative, and regulatory action, and negative press about our privacy and data protection practices.
  • Adverse litigation judgments or settlements resulting from legal proceedings in which we may be involved could expose us to monetary damages or limit our ability to operate our business.
  • We have operations in countries known to experience high levels of corruption and are currently subject to inquiries, investigations, and requests for information with respect to our compliance with a number of anti-corruption laws to which we are subject.
  • Drivers may become subject to increased licensing requirements, and we may be required to obtain additional licenses or cap the number of Drivers using our platform.
  • We may be subject to liability for the means we use to attract and onboard Drivers.
  • Our business depends heavily on insurance coverage for Drivers and on other types of insurance for additional risks related to our business. If insurance carriers change the terms of such insurance in a manner not favorable to Drivers or to us, if we are required to purchase additional insurance for other aspects of our business, or if we fail to comply with regulations governing insurance coverage, our business could be harmed.
  • We may be subject to pricing regulations, as well as related litigation or regulatory inquiries.
  • If we are unable to protect our intellectual property, or if third parties are successful in claiming that we are misappropriating the intellectual property of others, we may incur significant expense and our business may be adversely affected.
  • Our reported financial results may be adversely affected by changes in accounting principles.
  • If we are deemed an investment company under the Investment Company Act, applicable restrictions could have an adverse effect on our business.
  • The market price of our common stock may be volatile or may decline steeply or suddenly regardless of our operating performance, and we may not be able to meet investor or analyst expectations. You may not be able to resell your shares at or above the price you paid and may lose all or part of your investment.
  • Delaware law and provisions in our amended and restated certificate of incorporation and amended and restated bylaws could make a merger, tender offer, or proxy contest difficult, thereby depressing the trading price of our common stock.
  • Sales, directly or indirectly, of shares of our common stock by existing equityholders could cause our stock price to decline.
  • Concentration of ownership of our common stock among our existing executive officers, directors, and principal stockholders may prevent new investors from influencing significant corporate decisions, including mergers, consolidations, or the sale of us or all or substantially all of our assets.
  • We have broad discretion in how we use the net proceeds from our IPO, and we may not use them effectively.
  • If securities or industry analysts either do not publish research about us, or publish inaccurate or unfavorable research about us, our business, or our market, or, if such analysts change their recommendations regarding our common stock adversely, the trading price or trading volume of our common stock could decline.
  • We do not intend to pay cash dividends for the foreseeable future.
  • The requirements of being a public company may strain our resources, result in more litigation, and divert management’s attention from operating our business.
  • As a result of being a public company, we are obligated to develop and maintain proper and effective internal controls over financial reporting, and any failure to maintain the adequacy of these internal controls may adversely affect investor confidence in our company and, as a result, the value of our common stock.
  • Our amended and restated certificate of incorporation provides that the Court of Chancery of the State of Delaware and, to the extent enforceable, the federal district courts of the United States of America are the exclusive forums for substantially all disputes between us and our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, or employees.
Management Discussion
  • (1) Totals of percentage of revenues may not foot due to rounding.
  • Ridesharing revenue increased 2% to $2.3 billion and 6% to $4.7 billion for the three and six months ended June 30, 2019, respectively, compared to the same periods in 2018. These increases were attributable to an increase in Ridesharing Gross Bookings (including 2018 Divested Operations) of $2.0 billion, or 20% and $3.7 billion, or 19%, for the three and six months ended June 30, 2019, respectively, compared to the same periods in 2018. Ridesharing revenue as a percentage of Ridesharing Gross Bookings decreased from 23% to 19%, and 22% to 20% in the three and six months ended June 30, 2018 and 2019, respectively. These decreases were primarily due to our driver appreciation award as well as an increase in Driver incentives.
  • Uber Eats revenue for the three and six months ended June 30, 2019 increased $249 million, or 72%, to $595 million compared to $346 million and increased $502 million, or 80%, to $1.1 billion compared to $629 million, respectively, in the same periods in 2018. These increases were attributable to an increase in Uber Eats Gross Bookings (including 2018 Divested Operations) of $1.6 billion, or 91%, and $3.2 billion, or 98%, for the three and six months ended June 30, 2019, respectively, compared to the same periods in 2018. Uber Eats revenue as a percentage of Uber Eats Gross Bookings decreased from 19% to 18%, and 19% to 18% in the three and six months ended June 30, 2018 and 2019, respectively. These decreases were due to higher courier incentives.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg

Proxies

No filings