A deep dive into the Uber S-1 – TechCrunch

Hello and welcome to Equity, TechCrunch's venture capital podcast, where we reveal the numbers behind the headlines.

The time has come for another Equity Shot, a quick episode focused on a last-minute event. This time, as you have already guessed, Kate Clark and I sitting to dig in the Uber S-1. It is a huge and complex document, but we did our best to summarize the content.

First, we discussed annual results and reviewed a half-decade in the Uber society. increase in income. In the report, Uber reported revenues of $ 11.27 billion in 2018 for 2018, net income of $ 997 million and losses on adjusted EBITDA of $ 1.85 million. We highlighted these figures, referring to the company's operating losses and sharp bottom-line results, which included the positive effects of various divestments.

Yes, this S-1 required a little more unpacking than most others. We apologize for the frantic scrolling, we were browsing the document live and we were a little excited. It's an IPO that we've been talking about for years and will easily be one of the biggest floats of all time.

In any case, an S-1 provides information that is not limited to a company's financial data. So we spent time highlighting the key stakeholders. In other words, people will really get really rich because of Uber's IPO. This includes Uber co-founder and CEO, Travis Kalanick, renowned venture capital companies such as the SoftBank Vision Fund and Benchmark, etc.

The IPO, remember, should sell $ 10 billion of shares (primary and secondary) and evaluate the company to $ 100 billion or more.

If 30 minutes of searching the S-1 were not enough, do not worry, we will follow Uber's IPO for weeks, if not months, to come.