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Uber’s Q2: Profitability, Ad Business in Focus 8/1/23
Manage episode 372892637 series 2975155
Content provided by CNBC. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by CNBC or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Uber just reported its first-ever profitable quarter - but just how sustainable is it? GAAP net income was $394 million, but nearly all of that was due to a pre-tax benefit related to unrealized gains on Uber's equity investments. It holds stakes in self-driving tech companies Aurora, electric scooter startup Lime, ridesharing companies DiDi and Grab, and electric aircraft company Jovy. Its advertising business though is seeing new growth. It launched video ads on Uber, Uber Eats, Drizly and in-car tablets, reporting ad revenue run rate of over $650 million, and more than 400,000 active advertising merchants for the quarter.
616 episodes
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Manage episode 372892637 series 2975155
Content provided by CNBC. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by CNBC or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Uber just reported its first-ever profitable quarter - but just how sustainable is it? GAAP net income was $394 million, but nearly all of that was due to a pre-tax benefit related to unrealized gains on Uber's equity investments. It holds stakes in self-driving tech companies Aurora, electric scooter startup Lime, ridesharing companies DiDi and Grab, and electric aircraft company Jovy. Its advertising business though is seeing new growth. It launched video ads on Uber, Uber Eats, Drizly and in-car tablets, reporting ad revenue run rate of over $650 million, and more than 400,000 active advertising merchants for the quarter.
616 episodes
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The American healthcare system is one of the most innovative in the world. But it’s also riddled with complex challenges, such as access to affordable medications, inefficiency and administrative burdens, and communication barriers between providers. There’s clearly a better way—and at Surescripts, we have a unique sightline into what that may be. In this series, host Melanie Marcus, Chief Marketing Officer of Surescripts, sits down with today’s most inspiring and innovative leaders in healt ...
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