A deep dive into the Uber S-1 – TechCrunch
Hello and welcome back to Equity, TechCrunch's venture capital focused podcast, where we extract the numbers behind the headlines.
It's time for another Equity Shot, a quick episode centered around a novelty event. This time, as you already guessed, Kate Clark and I set out to dig into Uber S-1[ads1]. It's a big, complex document, but we did our best to summarize what's inside.
First, we talked about annual results, and look back half a decade into Ubers sales growth. In the filing, Uber reported 2018 sales of $ 11.27 billion, net revenue of $ 997 million, and adjusted EBITDA losses of $ 1.85 million. We highlighted these figures, talked about operating losses and the company's net profit that included the positive effects of various sales.
Yes, this S-1 required a little more unpacking than most. We apologize for the sharp roll we made through the document and we were a little happy. This is an IPO that has been talked about for many years and will easily become one of the greatest flows of all time.
Anyway, giving an S-1 insight to more than just a company's finances, so we spent time marking key stakeholders, or in other words, the people are going to be really really rich by Uber's IPO. This includes Uber co-founder and CEO Travis Kalanick, known venture capital firms such as SoftBank Vision Fund and Benchmark, and more.
IPO, remember, is expected to sell $ 10 billion in stock (primary and secondary) and value the company at $ 100 billion or more.
If 30 minutes of digging through S-1 wasn't enough for you, don't be afraid, we follow Uber IPO for weeks – enough months – to come.
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