Bloomberg Technology
Uber CEO Khosrowshahi on Earnings, the Outlook for 'Everything' Apps & Venture Capital Investing
Aug 1, 2023
Uber CEO Dara Khosrowshahi discusses the company's positive earnings and future growth. Deena Shakir talks about venture capital investing. The CEO of Stocktwits looks at Elon Musk's ambitions. The podcast also explores the future of healthcare, telemedicine, and innovation refunds.
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Quick takeaways
- Uber announced its first-ever gap operating profit and strong top-line growth, attributing it to cost discipline and efficient operations.
- Lux Capital focuses on investing in women's health as an underinvested and undervalued opportunity with significant potential.
Deep dives
Uber reports first-ever gap operating profit
Uber announced its first-ever gap operating profit, along with strong top-line growth and increased margins. The company delivered a gap operating profit of $394 million and increased gross bookings to $33.6 billion, up 18% compared to the previous year. Uber attributed its success to cost discipline and efficient operations, focusing on making perfect matches between riders and drivers, as well as minimizing errors and cancellations. The company also highlighted its innovation in areas such as AI-powered algorithms for matching, driver support, and productivity applications. Despite concerns about growth, Uber expressed confidence in its ability to meet and exceed its future targets and continue to lead in the ridesharing industry.
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