Thursday 5 December 2013

Techcrunch . Leaked Uber Numbers, Which We’ve Confirmed, Point To Over $1B Gross, $213M Revenue

''Today, Valleywag got its hands on leaked screenshotsof Uber's dashboard, along with a series of numbers from two weeks ago that show raw revenue, signups, active clients and ride request/completion ratios.  TechCrunch has verified with a source that this is Uber's official dashboard.
TechCrunch also contacted Uber, who said that they would ‘take action' against the leaker. They did not deny the authenticity of the screenshots and The numbers span a period of between mid-October and mid-November of 2013 and allow us to form a picture, though incomplete, of Uber's income and user statistics over the period. According to our calculations based on the information laid out in the dashboard screenshots - and assuming some similarity in numbers for the rest of the year - the car service should be pulling in over $1B a year in gross bookings. At a rough 20% cut, a figure Valleywag notes Kalanick has alluded to, that would place Uber's slice of the revenue around $213M a year.
The five week period also showed over 11% in revenue growth, with over 398,000 new signups in aggregate at just under 80k each week. Uber is also clocking around 1M requests every week and completing around 800k each week. The data points to a healthy business which maintains a strong ratio of continuing users to new signups and big ‘conversion' rates between people who look at the app and people who actually use it.
A recent filingat All Things D  put Uber's valuation at $3.5B, and sources had pegged revenue for 2013 at around $125M. Going by that, Uber is doing significantly better than estimated.
Note, of course, that the interpretation of the data is not confirmed, and we're only working off of leaked information here. The math is rough, to say the least and whatever this is, it's likely not a complete snapshot of Uber as a company. If the readings by Valleywag, and our own crunching, are correct though, Uber is in fantastic shape''.
Source: techcrunch

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