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Uber-based car rental company announced Thursday it lost $ 6.229 million between January and June of this year, a figure that casts doubt on its economic model a few months after its departure for the stock market.
The San Francisco-based company (California, USA) reported $ 6,265 million in the first half of 2006, an increase of more than 5,352 million years in the same period last year. previous year, but below the level planned by the project. badysts
One of the most positive elements of the accounts presented on Thursday by the firm is that it continues to gain market share at a good pace, because the platform (which includes, in addition to transport, services such as Uber Eats, food delivery) 99 million active users per month, or 30% more than a year ago.
Between January and June, Uber shareholders lost $ 7.97 per share, compared with $ 1.33 for the same period last year, when the company was not yet publicly traded.
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75% of the company's cash flow in the last six months came from its core business, pbadenger transportation, while food delivery accounted for 18% and the remaining 7% was for the remaining segments of the market. the company, like renting cars, bicycles and scooters.
Although still accounting for less than a quarter of the company's revenue, Uber Eats grew by 80% in the first half of the year, well above the 6% rise in the transportation sector, which is much more stable. .
By regions, most of the money Uber charges is generated in the US and Canadian markets, with more than half of the company's total revenues, followed by EMEA countries (Europe, Middle East and Africa), Latin America and the Asia region. -Peaceful.
Uber, as the main rival of the United States, Lyft, loses money since its inception, which justifies the traditional behavior of emerging companies: the goal of these early years is to grow and win market share, In the future, this can translate into profits.
However, the aggressive price war that the two companies have maintained for years (especially earlier this year in the months preceding their IPO) and the fact that both companies have been operating for about a decade (a little less in the case from Lyft) contributed to raising doubts about this commercial strategy.
"We think that 2019 will be the peak of our investment and that in 2020 and 2021, the losses will be mitigated, I have no doubt that the company will eventually reach a point of inflection and generate profits" , said the CEO of Uber. Dara Khosrowshahi.
The words of the executive did not, however, calm the spirits on Wall Street, where there remained 3.51% of Uber shares at $ 41.45 per title in electronic operations after the closure of the public prosecutor's offices. New York.
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