Any percentage given is very misleading. In nearly all cases, Uber will make a profit when you take a ride. However, they built such an expensive company (huge R&D department, zillions of free coupons, ads everywhere) that they cannot pay for it without making a loss.
If they suddenly had 10x as many rides or would shed coupons and R&D, they'd probably be profitable. But they'd also lose their edge they hope to have over Lyft & Co.
NB: There are of course areas where they offer rides below the driver's cut, but that's probably rare after they exited China.
If they suddenly had 10x as many rides or would shed coupons and R&D, they'd probably be profitable. But they'd also lose their edge they hope to have over Lyft & Co.
NB: There are of course areas where they offer rides below the driver's cut, but that's probably rare after they exited China.