What’s going on here?
Yesterday (May 30, 2019), Uber reported earnings for the first time as a public company. While Uber’s earnings weren’t awful, they showed a company struggling with slowing growth and steep losses.

Where are the numbers?
Of the last quarter:

• Revenue: $3.1 billion, up 20% annually (top end of Uber’s projections).
• Sales grew 25%.
• Loss: $1 billion.
• Shares: fallen about 12% since Uber’s bruising IPO.

At least Uber’s beating rivals in important markets.

Bottom line:
Despite concerns about its spending habits, Uber remains confident that this is the right approach to fend off the competition.

Content source: Morning Brew newsletter (2019)