As of 2021, on net revenues of $17.45 billion, Uber posted a net loss of just $496 million, primarily thanks to the business divestitures of various assets. In fact, by the first nine months of 2022, Uber posted a loss from operations of $1.69 billion on revenues for the same period of $23.27 billion. Thus, Uber is not profitable as of 2022.
Understanding Uber’s financials
Over the years, Uber has created a whole new market, starting from its mobility/ride-sharing platform.
The fee, or take rate might vary based on geography, supply and demand but also the ability of Uber to have consolidated market shares.
However, the company is still highly unprofitable.