It has to do with revenue recognition. What the riders pay is not Uber's top line revenue, instead what the driver pays Uber back from that fare is. See Uber's 2019 annual financial report [1]. That amount you are…
It has to do with revenue recognition. What the riders pay is not Uber's top line revenue, instead what the driver pays Uber back from that fare is. See Uber's 2019 annual financial report [1]. That amount you are…