As far as I can tell, Uber has no plan to become profitable.
Of the $5.2 billion dollar loss, $3.9 billion is stock-based compensation expenses due to the IPO. This leaves a $1.3 billion dollar loss.
Their customers are up 30% and trips are up 35%. However, revenue is only up 14%. This leaves a wide gap.
They are sitting on about $11 billion dollars of cash. This is a nice chump of change. I wonder how long before they burn through all of that?
When the next recession begins to rear its head, Uber is on my list for short selling.