Uber’s (NYSE:UBER) net adjusted revenues for its ride-sharing operations have remained almost flat at about $2.3 billion over the last 5 quarters. Net adjusted revenues reflect the total financial activity generated by Uber’s platform, after taking into account all driver earnings. Ride sharing...
An Uber Technologies Inc. app sits on a smartphone inside a Tesla Motors Inc. Model S electricautomobile in Madrid, Spain, on Friday, Jan. 13, 2017. Photographer: Angel Navarrete/Bloomberg net adjusted revenues for its ride-sharing operations have remained almost flat at about $2.3 billion over the last 5 quarters. Net adjusted revenues reflect the total financial activity generated by Uber’s platform, after taking into account all driver earnings.
Uber’s Gross Bookings for its ride-sharing business have increased steadily from around $7.5 billion in Q2 2017 to over $12 billion in Q2 2019, driven primarily by a growing customer base. Gross bookings refer to the total amount billed to ride-sharing customers, including taxes, tolls, and fees.The stagnation in Uber’s net ride-sharing revenues is driven primarily by a lower take rate – which is the cut the company takes from the gross bookings.Additional details aboutWhat’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs
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