(Photo illustration by Jakub Porzycki/NurPhoto via Getty Images) NurPhoto via Getty ImagesCan Uber CEO Dara Khosrowshahi deliver profitability in 2020? Uber is forecasting a $1.35 billion EBITDA loss in 2020 — which is $1.3 billion below the FactSet analyst consensus, according to CNBC. Eats referrals and incentives for drivers cost Uber $1.13 billion in 2019 while the comparable figure for Rides drivers in 2019 was $123 million. For all of 2019, Uber’s revenues grew 26% — a significant slowdown from 2018’s 43% revenue growth rate, according to its IPO prospectus. For example, between 2018 and 2019, Uber’s costs soared from 127% to 161% of revenue, according to its Q4 report.

Source: Forbes February 07, 2020 14:03 UTC