Uber Mobility had ~$70bn gross booking in 2023, and recorded $20bn revenue.
Drivers should earn ~70%, or $49bn, as Uber Mobility’s revenue margin is ~29%.
Based on drivers’ feedbacks, it seems that net earnings after expenses are roughly 2/3.
Then what self-driving can replace is 2/3 of that $49bn, or $32bn per year.
This doesn’t include UberEats (Delivery).
Uber had about $3.6bn operating cash flow in 2023; it made ~$2bn adj. EBITDA after SBC.
That $32bn net “savings” can lift Uber’s profitability by 10-fold.
What’s missing?
The additional insurance needed for self-driving as software can make mistakes?
The job losses around the world?
If can solve self-driving at night, it would be great! We human beings need to sleep.
