How Much Does Uber Make?

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How Much Does Uber Make? In today’s video, we’ll be breaking down the ride-hailing giant, Uber, by looking at how they generate income and how much the company makes annually.

Uber is a ride-hailing app that allows its customers to order a shared or private car via their mobile app. It also offers vehicles for hire, couriers, food delivery, and freight transportation. Besides, it’s a pioneer in self-driving car development. Let’s take a look at how Uber generates revenue.

Mobility- Uber mobility makes around $6.3 billion a year or $520.67 million a month.
Delivery- It accounts for 46% of the company’s total revenue of $14.2 billion a year.
Freight- The business makes around 9% of Uber’s total revenue which translates to $1.28 billion a year or $106.5 million a month.
ATG and other Technology programs- This segment generates $1.42 billion a year or $118.3 million a month and accounts for 1% of Uber’s total revenue.
Expenses- The company paid $22.74 billion in expenses.
Taxes- Uber was given a tax rebate of $45 million in 2019 or $3.75 million a month. This means that instead of paying taxes, they were refunded reducing the company’s loss in 2019 to around $8.5 million or $708.8 million per month.

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