Uber’s raking in money in SF, but the story is complicated

Gigaom

Uber is now on a pace to make $500 million a year in revenue in the San Francisco market alone, according to CEO Travis Kalanick. Kalanick spoke on the matter over the weekend at a conference in Munich, and Business Insider reported the news Monday, making the argument that Uber is far larger than the taxi industry, which Kalanick claims only brings in $140 million a year in SF. I’ve reached out to the SFMTA to confirm that number and will update this if I hear back.

Prior to today, the most recent SF revenue stats from Uber surfaced last November, also via Business Insider. At that point, the leaked Uber presentation showed the company’s run rate in SF was $212.4 million based on its December 2013 revenue. Roughly a year later, it’s at $500 million — so the company has doubled in size in the city.

Originally, there was a significant, missing piece of information from Kalanick’s remarks. As Kevin…

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One thought on “Uber’s raking in money in SF, but the story is complicated

  1. That is why they are so greedy now. They have to make the money before technology puts them out of business. I just heard that Japan is preparing for their future by jumping to the latest hydrogen fuel vehicles. If SFMTA is buying future “clean” diesel buses they are already behind the curve. In fact, if they are buying electric they are behind.

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