Uber试图让投资者安心:尽管冠状病毒正在全球蔓延,更多消费者被迫待在家里,打车业务减少,但公司依然能够活下来。
在上周四的分析师吹风会上,首席执行官达拉·科斯罗萨西表示:“我们的资产负债表极其强劲。我们强劲、可靠且重要的账目上,拥有充足的流动基金,这让我们获得了渡过难关的有利地位,我们会渡过难关的。”
科斯罗萨西表示,这家打车公司正在几个情景下对其商业模式进行“广泛”的压力测试,所有迹象都表明Uber会在业务放缓下存活。公司目前拥有100亿美元不受限的现金。在最糟糕的情况下,Uber今年的打车业务将萎缩80%,无法恢复。但即使如此,公司仍会有40亿美元现金和20亿美元的循环信贷额度。公司已经停止招聘,并表示将在未来两周内撤回总计1.5亿美元的激励和营销资金。
科斯罗萨西并未更新公司的投资指南,不过他预计业务放缓不会改变公司各项服务的利润。他于上月表示,公司预计在2020年底扣除特定费用后实现盈利。在周四发布声明之后,Uber的股价上涨30%,股价达到19.38美元。
消息传出之时,大型公司尤其是旅游和运输业巨头正在为业务的重大亏损做好准备。在此之前,由于2019年Uber亏损85亿美元,希望看到Uber扭亏为盈的投资者也给予了公司巨大的压力。同时,全球的业务究竟还要多久能恢复正常也仍不明朗。
无论如何,科斯罗萨西表示公司正在通过香港和西雅图的情况来预测自身的业务。在香港,打车需求开始在两个月后回升,而西雅图则是美国第一批停止非必要经营的城市。科斯罗萨西称,香港比美国城市提前遭遇病毒,如今那里的业务已经重新上线。人们首先会返工,之后开始慢慢地、小心翼翼地恢复社交生活。
科斯罗萨西表示:“需求出现的时候,供应立刻就能满足,因为我们合作的司机需要工作。人们开始返工,Uber也就启动了。”
Uber表示,公司的优势在于成本结构——没有了打车需求,Uber的成本也降低了——而且Uber Eats给了司机工作的机会,也让公司有了另外的收入渠道。
西雅图是美国各州中遭遇最惨痛打击的城市之一,在这里,Uber Eats的业务仍在发展。在公司自助服务网站上注册的餐厅增加了10倍。Uber也在积极跨界推动司机使用送餐服务,这在过去几十天里创造了业务的“巨大增长”。
科斯罗萨西表示:“我的工作就是确保业务在任何情况下顺畅运行。不过,当然,过去几周的情况实在是太难以预料了。”(财富中文网)
译者:严匡正
Uber试图让投资者安心:尽管冠状病毒正在全球蔓延,更多消费者被迫待在家里,打车业务减少,但公司依然能够活下来。
在上周四的分析师吹风会上,首席执行官达拉·科斯罗萨西表示:“我们的资产负债表极其强劲。我们强劲、可靠且重要的账目上,拥有充足的流动基金,这让我们获得了渡过难关的有利地位,我们会渡过难关的。”
科斯罗萨西表示,这家打车公司正在几个情景下对其商业模式进行“广泛”的压力测试,所有迹象都表明Uber会在业务放缓下存活。公司目前拥有100亿美元不受限的现金。在最糟糕的情况下,Uber今年的打车业务将萎缩80%,无法恢复。但即使如此,公司仍会有40亿美元现金和20亿美元的循环信贷额度。公司已经停止招聘,并表示将在未来两周内撤回总计1.5亿美元的激励和营销资金。
科斯罗萨西并未更新公司的投资指南,不过他预计业务放缓不会改变公司各项服务的利润。他于上月表示,公司预计在2020年底扣除特定费用后实现盈利。在周四发布声明之后,Uber的股价上涨30%,股价达到19.38美元。
消息传出之时,大型公司尤其是旅游和运输业巨头正在为业务的重大亏损做好准备。在此之前,由于2019年Uber亏损85亿美元,希望看到Uber扭亏为盈的投资者也给予了公司巨大的压力。同时,全球的业务究竟还要多久能恢复正常也仍不明朗。
无论如何,科斯罗萨西表示公司正在通过香港和西雅图的情况来预测自身的业务。在香港,打车需求开始在两个月后回升,而西雅图则是美国第一批停止非必要经营的城市。科斯罗萨西称,香港比美国城市提前遭遇病毒,如今那里的业务已经重新上线。人们首先会返工,之后开始慢慢地、小心翼翼地恢复社交生活。
科斯罗萨西表示:“需求出现的时候,供应立刻就能满足,因为我们合作的司机需要工作。人们开始返工,Uber也就启动了。”
Uber表示,公司的优势在于成本结构——没有了打车需求,Uber的成本也降低了——而且Uber Eats给了司机工作的机会,也让公司有了另外的收入渠道。
西雅图是美国各州中遭遇最惨痛打击的城市之一,在这里,Uber Eats的业务仍在发展。在公司自助服务网站上注册的餐厅增加了10倍。Uber也在积极跨界推动司机使用送餐服务,这在过去几十天里创造了业务的“巨大增长”。
科斯罗萨西表示:“我的工作就是确保业务在任何情况下顺畅运行。不过,当然,过去几周的情况实在是太难以预料了。”(财富中文网)
译者:严匡正
Uber is trying to reassure investors that it will survive the slowdown of its ride-hailing business despite the global spread of the coronavirus, which is keeping more of its customers at home.
“Our balance sheet is incredibly strong,” CEO Dara Khosrowshahi said during an analyst briefing on Thursday. “We have plenty of liquidity on the books, which we think positions us to come out of this crisis—and we will come out of this crisis—strong, capable, and important.”
The ride-hailing company is “extensively” stress-testing its business models across a few scenarios, and all signs point to Uber surviving the slowdown, Khosrowshahi said. The company currently has $10 billion in unrestricted cash. In the worst-case scenario, the rides business drops 80% for the year without any recovery and still leaves Uber with $4 billion in cash with access to a $2 billion revolving line of credit. The company has also frozen hiring and said in two weeks it will have pulled back a total of $150 million in incentives and marketing.
Khosrowshahi did not provide an update on the company’s guidance but said he doesn’t expect the slowdown to change the margins of each of its services. Last month, he said the company expected to be profitable, excluding certain expenses, by the end of 2020. Uber’s stock was up about 30% trading at $19.38 per share following Thursday’s announcement.
The news comes as major companies, especially in the travel and transportation industry, prepare for major losses to their businesses. It also follows mounting pressure from Uber investors, who want to see the company finally turn a profit—Uber lost $8.5 billion in 2019. Meanwhile, the timeline of when business across the world will return to normal is still unclear.
Regardless, Khosrowshahi said the company is looking at its business through the lens of what has happened in Hong Kong, where demand for rides started improving after two months, and what’s happening in Seattle, one of the first U.S. cities to shut down nonessential business. Khosrowshahi said as Hong Kong, which is ahead of the U.S. in terms of progress with the virus, comes back online, people will first start going back to work, and then slowly begin “tiptoeing” back into their social lives.
“When the demand is there, the supply is going to be there instantly, because our driver partners need to work,” Khosrowshahi said. “When work turns on, Uber turns on.”
Uber said its strength comes from its cost structure—without demand for rides, Uber also has less costs—and from Uber Eats, which is giving drivers an opportunity to work and the company another revenue stream.
In Seattle, one of the hardest-hit cities in the states, the Uber Eats business is still growing. The company’s restaurant sign-ups increased 10-fold on its self-service website. Uber also has been aggressively cross-promoting its Uber riders to use its food delivery service, which has created “huge spikes” in the business over the past couple of a days.
“My job is to ensure the business is sound in any scenario,” Khosrowshahi said. “But, of course, the last few weeks have been anything but predictable.”