{"id":61654,"date":"2019-08-09T03:54:37","date_gmt":"2019-08-09T03:54:37","guid":{"rendered":"https:\/\/www.thefastfashion.com\/?p=61654"},"modified":"2019-08-09T03:54:37","modified_gmt":"2019-08-09T03:54:37","slug":"uber-q2-disappoints-wide-margin-shares-plunge","status":"publish","type":"post","link":"https:\/\/www.thefastfashion.com\/?p=61654","title":{"rendered":"Uber Q2 disappoints by wide margin, shares plunge"},"content":{"rendered":"<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" style=\"margin: 0px 0px 1em; color: #26282a; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 15px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;\" data-reactid=\"15\">Uber (<a href=\"https:\/\/finance.yahoo.com\/quote\/UBER?p=UBER&amp;.tsrc=fin-srch\">UBER<\/a>) reported its\u00a0<a href=\"https:\/\/investor.uber.com\/news-events\/news\/press-release-details\/2019\/Uber-Reports-Second-Quarter-2019-Results\/default.aspx\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Q2 2019 earnings<\/a>\u00a0after the bell on Thursday, missing on analysts&#8217; top line estimates. Here are the most important numbers from the company&#8217;s second-ever report as a publicly-traded company.<\/p>\n<ul class=\"canvas-list List(d)\" data-type=\"list\" data-reactid=\"16\">\n<li data-reactid=\"17\"><strong>Gross bookings:<\/strong>\u00a0$15.75 billion versus $15.83 billion expected<\/li>\n<li data-reactid=\"18\"><strong>Revenue:<\/strong>\u00a0$2.87 billion versus $3.05 billion expected<\/li>\n<li data-reactid=\"19\"><strong>EBITDA loss:<\/strong>\u00a0$656 million versus $979 million expected<\/li>\n<li data-reactid=\"20\"><strong>Net loss:<\/strong>\u00a0$5.23 billion, or $4.72 per share<\/li>\n<\/ul>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"21\">Uber\u2019s stock fell by more than 10% immediately following the earnings announcement.<\/p>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"21\"><div class=\"e3lan e3lan-in-post1\"><\/div>\n<div class=\"e3lan e3lan-in-post2\"><p style=\"text-align: left;\"><strong><em>Adv<\/em>.<\/strong><\/p>\r\n\r\n<ul>\r\n \t<li style=\"text-align: left;\"><a href=\"https:\/\/www.bagfactory.com.hk\/216\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #ff0000;\"><strong>Sun Winning Ind Co<\/strong><\/span><\/a>: Manufacture of Canvas Bag, Recycle Bad in China<\/li>\r\n \t<li><span style=\"color: #ff0000;\"><strong><a style=\"color: #ff0000;\" href=\"https:\/\/www.theunitravel.com\/\" target=\"_blank\" rel=\"noopener\">TheUniTravel.com<\/a><\/strong><\/span> : Find the latest\u00a0<em>travel<\/em>\u00a0and tourism\u00a0<em>news<\/em>\u00a0from around the world. Stay informed with\u00a0<em>travel news<\/em>\u00a0and\u00a0<em>updates<\/em><\/li>\r\n \t\r\n<\/ul>\r\n\r\n<\/div>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"22\">\u201cOur platform strategy continues to deliver strong results, with Trips up 35% and Gross Bookings up 37% in constant currency, compared to the second quarter of last year,\u201d CEO Dara Khosrowshahi said via a statement.<\/p>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"23\">Uber reported a massive $5.24 billion net loss in the quarter, though much of that was due to stock compensation following its IPO.<\/p>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"24\">Gross bookings for the service, which include its Uber ride-hailing business and Uber Eats was up 31%, but still fell short of expectations, garnering $15.75 billion versus expectations of $15.83 billion.<\/p>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"25\">The company now has 100 million monthly active consumers.<\/p>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" style=\"margin: 0px 0px 1em; color: #26282a; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 15px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;\" data-reactid=\"26\">Uber&#8217;s biggest North American rival, Lyft (<a href=\"https:\/\/finance.yahoo.com\/quote\/LYFT?p=LYFT&amp;.tsrc=fin-srch\">LYFT<\/a>), reported its\u00a0Q2 2019 earnings\u00a0on Wednesday, beating analysts&#8217; expectations on both the top and bottom line, with losses of $0.68 per share on $867.3 million in revenue.<\/p>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"27\">Both companies have seen their costs for consumers even out, as they turn their focus toward differentiations between the platforms rather than trying to win a race to the bottom on consumer cost.<\/p>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"27\">\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" style=\"margin: 0px 0px 1em; color: #26282a; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 15px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;\" data-reactid=\"28\">They&#8217;ve also had to contend with\u00a0increased driver compensation\u00a0in New York City following the passage of legislation that ensured ride-sharing drivers made a living wage of at least $17.22. What&#8217;s more, the firms are now subject to New York City&#8217;s congestion pricing, which adds to the overall cost per ride to customers.<\/p>\n\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Uber (UBER) reported its\u00a0Q2 2019 earnings\u00a0after the bell on Thursday, missing on analysts&#8217; top line estimates. Here are the most important numbers from the company&#8217;s second-ever report as a publicly-traded company. Gross bookings:\u00a0$15.75 billion versus $15.83 billion expected Revenue:\u00a0$2.87 billion versus $3.05 billion expected EBITDA loss:\u00a0$656 million versus $979 million expected Net loss:\u00a0$5.23 billion, or &hellip;<\/p>\n","protected":false},"author":1,"featured_media":61655,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[38],"tags":[1868],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.7.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Uber Q2 disappoints by wide margin, shares plunge - TheFastFashion.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thefastfashion.com\/?p=61654\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Uber Q2 disappoints by wide margin, shares plunge - TheFastFashion.com\" \/>\n<meta property=\"og:description\" content=\"Uber (UBER) reported its\u00a0Q2 2019 earnings\u00a0after the bell on Thursday, missing on analysts&#8217; top line estimates. 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Gross bookings:\u00a0$15.75 billion versus $15.83 billion expected Revenue:\u00a0$2.87 billion versus $3.05 billion expected EBITDA loss:\u00a0$656 million versus $979 million expected Net loss:\u00a0$5.23 billion, or &hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.thefastfashion.com\/?p=61654\" \/>\n<meta property=\"og:site_name\" content=\"TheFastFashion.com\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/buyingforbeauty\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-09T03:54:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.thefastfashion.com\/wp-content\/uploads\/2019\/08\/uber.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"660\" \/>\n\t<meta property=\"og:image:height\" content=\"371\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"TheFastFashion\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"TheFastFashion\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.thefastfashion.com\/?p=61654\",\"url\":\"https:\/\/www.thefastfashion.com\/?p=61654\",\"name\":\"Uber Q2 disappoints by wide margin, shares plunge - TheFastFashion.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.thefastfashion.com\/#website\"},\"datePublished\":\"2019-08-09T03:54:37+00:00\",\"dateModified\":\"2019-08-09T03:54:37+00:00\",\"author\":{\"@id\":\"https:\/\/www.thefastfashion.com\/#\/schema\/person\/6724c5c91d5889cf040718d048e9c810\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.thefastfashion.com\/?p=61654#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.thefastfashion.com\/?p=61654\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.thefastfashion.com\/?p=61654#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.thefastfashion.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Uber Q2 disappoints by wide margin, shares plunge\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.thefastfashion.com\/#website\",\"url\":\"https:\/\/www.thefastfashion.com\/\",\"name\":\"TheFastFashion.com\",\"description\":\"Fashion, Life Style, Beauty, Makeup, Costume...\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.thefastfashion.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.thefastfashion.com\/#\/schema\/person\/6724c5c91d5889cf040718d048e9c810\",\"name\":\"TheFastFashion\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.thefastfashion.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/165dc3997dd8e848f9e4cb8574ab2042?s=96&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/165dc3997dd8e848f9e4cb8574ab2042?s=96&r=g\",\"caption\":\"TheFastFashion\"},\"url\":\"https:\/\/www.thefastfashion.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Uber Q2 disappoints by wide margin, shares plunge - TheFastFashion.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.thefastfashion.com\/?p=61654","og_locale":"en_US","og_type":"article","og_title":"Uber Q2 disappoints by wide margin, shares plunge - TheFastFashion.com","og_description":"Uber (UBER) reported its\u00a0Q2 2019 earnings\u00a0after the bell on Thursday, missing on analysts&#8217; top line estimates. 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