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Uber · 2025 report · 11 min

The long road to profit

For years Uber lost billions running its business. Then in 2023 it made an operating profit for a whole year. What changed?

$
Ticket 01 · The guess

How much did Uber lose in 2019?

Uber's 2019 annual report said it had lost money ever since it started.

How much did it lose from running the business in 2019 alone, in billions of dollars?

3 billion dollars
0 billion20 billion
Words to know

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Sources and every number (1)

Sources

  • Uber Technologies, Inc. Form 10-K for the fiscal year ended December 31, 2019 · Uber Technologies, Inc. (filed with the U.S. SEC), 2019

Every number

  • 8.6 billion dollarssec.gov ·2019 · Loss from operations, 2019, in billions, as Uber's 2019 report rounds it (Item 1A).
  • $14.1Bsec.gov ·2019 · Revenue, 2019 (income statement in the 2019 report).
  • $1.61sec.gov ·2019 · Worked out: total costs and expenses ÷ revenue, 2019 (income statement).
  • $3.6Bsec.gov ·2019 · Stock-based pay Uber counted at once when it went public in May 2019, for awards whose condition was going public (note on the business and accounting policies).
  • $997Msec.gov ·2019 · Net income attributable to Uber, 2018 (income statement).
  • $3Bsec.gov ·2019 · Loss from operations, 2018, shown as a size (income statement).
  • $3.2Bsec.gov ·2019 · Gain on business divestitures, 2018 (cash flow statement), from selling its businesses in Southeast Asia and Russia (named in Item 1A).
  1. Lessons›
  2. Big companies›
  3. Uber
  • ·Before this: How Uber is organized
  • ·Next: Drivers: contractors or employees?
  • ·Free guide: How Uber makes money
Skip to the lesson
Back to the home page and map, from TryOwning · Uber · Lesson 3
Part 1 of 2Part 1 of 2, 0 done

Uber · 2025 report · 11 min

The long road to profit

For years Uber lost billions running its business. Then in 2023 it made an operating profit for a whole year. What changed?

$
Ticket 01 · The guess

How much did Uber lose in 2019?

Uber's 2019 annual report said it had lost money ever since it started.

How much did it lose from running the business in 2019 alone, in billions of dollars?

3 billion dollars
0 billion20 billion
Words to know

Spot something wrong?

Tell us what looks off. No name or email needed.

What kind of problem?

0 / 1000

We'll also send this page, the lesson, ticket 1, so we can find it. Nothing else. Privacy

·
Sources and every number (1)

Sources

  • Uber Technologies, Inc. Form 10-K for the fiscal year ended December 31, 2019 · Uber Technologies, Inc. (filed with the U.S. SEC), 2019

Every number

  • 8.6 billion dollarssec.gov ·2019 · Loss from operations, 2019, in billions, as Uber's 2019 report rounds it (Item 1A).
  • $14.1Bsec.gov ·2019 · Revenue, 2019 (income statement in the 2019 report).
  • $1.61sec.gov ·2019 · Worked out: total costs and expenses ÷ revenue, 2019 (income statement).
  • $3.6Bsec.gov ·2019 · Stock-based pay Uber counted at once when it went public in May 2019, for awards whose condition was going public (note on the business and accounting policies).
  • $997Msec.gov ·2019 · Net income attributable to Uber, 2018 (income statement).
  • $3Bsec.gov ·2019 · Loss from operations, 2018, shown as a size (income statement).
  • $3.2Bsec.gov ·2019 · Gain on business divestitures, 2018 (cash flow statement), from selling its businesses in Southeast Asia and Russia (named in Item 1A).
  1. Lessons›
  2. Big companies›
  3. Uber
  • ·Before this: How Uber is organized
  • ·Next: Drivers: contractors or employees?
  • ·Free guide: How Uber makes money