Uber announces billion loss despite strong sales

Typical Start-up: double-digit growth, but deep in the red. The U.S. car service mediator Uber recorded in the first quarter of 1,000 million dollars Bad. The quarterly report came in, but after hours good.

In after-hours trading on the Nasdaq stock exchange to put the newcomer at least two percent.

In the first quarter, Uber was able to achieve $ 3.1 billion, 20 percent more sales. A gigantic loss of 1.0 billion dollars (0.9 billion Euro) fell. In the corresponding period in the prior year, driving service providers had reported a profit of 3.8 billion, which was, however, at a high extraordinary income from the sale of foreign participations.

In operating business, Uber still deserves no money, and in the last quarter, the high costs of the IPO in New York came through.

the Largest IPO in years

Uber debuted about three weeks ago, on the New York Stock Exchange, the largest stock exchange premiere for years, the company collected approximately $ 8.1 billion and brought it to a total valuation of about 82 billion. The volume of the IPO, but had to due to unexpectedly weak demand, having regard to be. Originally, Uber had sought a total valuation of 100 billion dollars.

for More course information to Uber.

Since then, Uber among investors has, however, a serious Stand, and the stock is coming under heavy pressure. Recently, the stock market newbie-listed to about ten percent below its issue price of 45 dollars.

what are you doing?

Uber dominates the "Ride-Sharing"market for travel services via Smartphone Apps. Here is slack in the growth, however, decreases significantly. And to earn money in this business so far, nothing. Also the rival Lyft is deep in the red and has a hard time on the stock exchange.

Uber also operates Services such as for food deliveries, and freight brokerage. As the key to Profit, especially robot cars, the drivers are on duration as a cost factor to be eliminated. However, there is still a long and uncertain way. Uber had warned investors before the IPO that may never get to the profit zone.

Additional course information on Lyft

So the share is a bet on the technological breakthrough. Often, if not always, it is wiser to be in such a Tech-titles from the beginning, as the following examples from the Tech world.

la/Reuters

1/3, Why not always from the beginning

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