Uber is not a profitable company
23 Apr 17
The parent company is in US. Even if it makes a profit in one country, it does not manage to be profitable when they add up the revenue and cost for all the countries. Not many companies can keep on making billion dollars of losses, and yet continue.
• Guangzhou, China
24 Apr 17
I don't know that at all. I thought it was a successful company because it has a big market in many countries. In my country, Didi and Uber are main companies provide private car servies. But later Didi and Uber combined together and there is no competition any more. The price starts to increase and this is why today I hardly use it again.
• Worcester, England
22 Apr 17
seems to be doing ok in the UK. I think it'll be around for a while yet.
Uber’s growing popularity has been confirmed after new accounts revealed the taxi technology’s drivers billed more than £100m in UK fares last year, leading to a doubling of profits at its parent company.
22 Apr 17
Still not able to reverse the trend of losses. According to some estimates, Uber lost 3 billions in 2016, and 2 billions in 2015. The loss in 2016 is partly due to the stiff competition in China, and after spending so much money there, they have to pull out of China market.