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December 5, 2013 03:35 am GMT

Leaked Uber Numbers, Which Weve Confirmed, Point To Over $1B Gross, $213M Revenue

uber_seo_carToday, Valleywag got its hands on leaked screenshots of Uber’s dashboard, along with a series of numbers from two weeks ago that show raw revenue, signups, active clients and ride request/completion ratios. TechCrunch has verified with a source that this is Uber’s official dashboard. TechCrunch also contacted Uber, who said that they would ‘take action’ against the leaker. They did not deny the authenticity of the screenshots and numbers. The numbers span a period of between mid-October and mid-November of 2013 and allow us to form a picture, though incomplete, of Uber’s income and user statistics over the period.According to our calculations based on the information laid out in the dashboard screenshots — and assuming some similarity in numbers for the rest of the year — the car service should be pulling in over $1B a year in gross bookings. At a rough 20% cut, a figure Valleywag notes Kalanick has alluded to, that would place Uber’s slice of the revenue around $213M a year. The five week period also showed over 11% in revenue growth, with over 398,000 new signups in aggregate at just under 80k each week. Uber is also clocking around 1M requests every week and completing around 800k each week. The data points to a healthy business which maintains a strong ratio of continuing users to new signups and big ‘conversion’ rates between people who look at the app and people who actually use it. A recent filing uncovered by Kara Swisher at All Things D put Uber’s valuation at $3.5B, and sources had pegged revenue for 2013 at around $125M. Going by that, Uber is doing significantly better than estimated. We contacted Uber CEO Travis Kalanick about the leak, and he did not deny that the numbers were accurate. He also had a few things to say about how the story was reported by Valleywag. “The surprising part is that Valleywag knowingly outed their own source. Valleywag actually knew the screenshot had identifying information of the individual leaker prior to them publishing this story,” Kalanick told TechCrunch in a statement. “We told Nitasha Tiku from Valleywag that we would protect her source from legal ramifications if they did not publish the document. Nitasha and Valleywag decided to publish anyways. We obviously take the dissemination of our proprietary information seriously and we will be looking to take action against the individual leaker and Valleywag source in

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/8XHtmWumaiw/

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