➡️ Rental Demand for Hertz from Uber: Uber renting up to 50K Tesla M3 from Hertz
“Announced a new partnership with Hertz to make up to 50,000 fully electric Tesla Model 3 vehicles available for drivers to rent by 2023, exclusively for drivers using the Uber network in the US.”
➡️ Key Takeaways for $UBER:
Unit economics returning with growth and improving take-rates, directionally improving adj EBITDA across segments and first quarter of positive adj EBITDA profitability $8m (guiding to 2nd for 4Q21 with $25-75m) and improving FCF metrics.
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Rev By Geography
➡️ Total $633m +43% ↗️
➡️ US $498m +33% ↗️
➡️ Int $135m +96% 🚀
ARPU By Geography
➡️ Total $1.41 +37% ↗️
➡️ US $5.55 +44% ↗️
➡️ Int $0.38 +81% 🚀
MAU - 2nd consecutive quarter of QoQ Decline ↘️
➡️ Global MAU: 444m YoY +1%, QoQ -3%
➡️ US MAUs: 89m YoY -10%, QoQ -2%.
➡️ Int MAUs: 356m YoY +4%, QoQ -2%
1| $PINS Resilient to IDFA
“…our users often have commercial intent…we do have a rich set of first-party data and that makes us relatively less dependent on third-party signals to serve highly relevant ads…. our models have been pretty resilient to the loss of off-site data.”