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 Uber Business Model set the stage for the food delivery industry.
Indeed, as the pandemic hit, Uber’s business model also entered the delivery business with Uber Eats.

As of 2022, Uber is confirmed to be a behemoth in the mobility industry, spanning anywhere from ride-sharing to food delivery, and freight delivery.

As a platform business model, Uber collects a fee on each transaction through its 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.

Indeed, as of 2022, take rates are higher in the ride-sharing industry, where Uber has a more consolidated, dominating position.
Whereas, in the delivery business, where competition is still intense, and Uber hasn’t yet consolidated market dominance, its take rates are slightly lower.
As the financial crisis hit the world in 2022, Uber had to further re-focus its business units, thus performing various divestitures.
However, the company is still highly unprofitable.

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