NVDA
NVIDIA
-- 124.920 TSLA
Tesla
-- 292.980 PLTR
Palantir
-- 84.920 BBAI
BigBear.ai Holdings
-- 5.160 AMD
Advanced Micro Devices
-- 99.860 Uber Technologies, Inc. - Road to profitability
$Uber Technologies (UBER.US)$ released its latest quarterly results a few days ago.
I think it slowly become a stable growth rather than a hypergrowth, and soon be a profitable company.
Here are some important points for you to take note of
1. Stabilizing revenue growth
Although revenue grew 49% YoY, it is only just 3.2% against the preceding quarter.
2. Profitability in the latest quarter is due to valuation gained from investments
Although Uber broke into profitability in its latest quarter, operationally it's still at a loss. The overall profitability is lifted by its equity investments, in the likes of $Aurora Technology Acquisition Corp. (ATAKU.US)$, $DiDi Global Inc (DIDIY.US)$ $Grab Holdings (GRAB.US)$.
3. Finally positive operating cash flow and free cash flow positive
After many quarters of negative cash flow, Uber is finally posting positive cash from operations. Free cash flow is also up to 1.22%.
However, subsequent quarters will play an important role in whether this trend can persist or not!
Do you think Uber is now an attractive company to invest in? Let me know!
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The information available in this article/report/analysis is for sharing and education purposes only. This is neither a recommendation to purchase or sell any of the shares, securities, or other instruments mentioned; nor can it be treated as professional advice to buy, sell or take a position in any shares, securities, or other instruments. If you need specific investment advice, please consult the relevant professional investment advice and/or for study or research only.
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TRIUMPHANT RETURNS : I just waiting to short all these ride hailing platform since they will b the first to fall once self driving becomes a reality... If the biggest can't make money on transport but rely on investment on the sidelines.
Hammer Man : Very helpful, thank you!
71568693 : The assumption (once autonomous driving becomes a reality) will only be possible or impossible to achieve for a “long, long time” period. This “false” assumption induces retail investors to go short. Uber has previously divested its autonomous driving division; if it had money, it wouldn't do that.