I saw a report that the financial results for Uber beat the analyst forecast and the stock price increased.

I decided to make an analysis of the financial results for the ride hailing operators for 2022.

All figures below are in USD

Uber had a revenue of $31.8 billion and an operating loss of $9.1 billion, representing -28.7%

Didi had a revenue of $20.3 billion and an operating loss of $3.6 billion, representing -17.5%

Lyft had a revenue of $4.1 billion and an operating loss of $1.58%, representing -38.7%

Grab had a revenue of $1.43 billion and an operating loss of $1.68 billion, representing -117.5%.

Goto had a revenue of $0.77 billion and an operating loss of $2.69 billion, representing -348%

All the operators are still suffering large losses with a ratio between -17.5% to -348%.

The operating results for Grab and Goto are extremely bad. 

Grab recently announced an increase of about 150% in their platform fee. With this increase, they will reduce their losses considerably in 2023 and may break even in 2024.

All the ride hailing operators are showing extremely bad results. They are not attractive businesses.

Note - this is a personal opinion. It is not "financial advice"

Tan Kin Lian​​​​​