"Recliner" wrote in message
...
tim... wrote:

"Recliner" wrote in message
...
tim... wrote:
came into my in box via my linkedin account

https://www.linkedin.com/pulse/uber-...jared-carmel-2

posted without comment (for now)

Uber's latest figures suggest that its UK business is growing fast, and
modestly profitable (though it may be exporting some of its UK profits
to
lower tax domains, just as other US multinationals do):

http://www.telegraph.co.uk/business/2016/10/10/uber-drivers-racked-up-115m-of-fares-in-the-uk-last-year---doubl/

Quote:

Uber’s growing popularity has been confirmed after new accounts revealed
the taxi technology’s drivers billed more than £100m in UK fares last
year,
leading to a doubling of profits at its parent company.

Uber London, the taxi app’s UK holding company, recorded a profit before
tax of £1.83m, up 105pc on the prior year, on the back of revenue that
more
than doubled.

Accounts filed at Companies House show that Uber generated sales of
£23.3m
in the year to December 2015, up from £11.34m. The sales figure reflects
only Uber’s share of fares for trips booked on its app.

Although Uber’s exact revenue split is not known, it is believed Uber
gives
approximately 80pc of any fare to the driver, retaining 20pc for itself.

Based on that understanding and Uber’s £23m take, the company’s network
of
drivers did some £115m of business in the UK last year, the majority of
which is thought to have been in the capital.


From

http://www.telegraph.co.uk/finance/n...in-London.html

Uber claims "more than 15,000 drivers in London"

so that's a turnover of 7600 each?

That's before expenses.

Before fuel costs

before paying financing costs for the car.

Something doesn't add up

It confirms that most Uber drivers are part-time.

But even so

As I said previously, I don't believe that the type of car required to be an
Uber driver is the type of car that someone who wants to increase their
income by a few tens of pounds a week working ****ty hours as an Uber
driver, will already have sitting on their drive.

and 7 grand a year isn't enough to finance such a car after you have paid
the other expenses.

I still don't get it (from the pov of the driver).

tim





http://www.telegraph.co.uk/technology/2016/06/02/majority-of-uber-drivers-in-london-work-part-time-study-says/