The standards of financial reporting these days. Now, OK, this is pendantry but, the Telegraph:
However, information revealed to prospective investors shows that Uber generated net revenues of $415m but racked up operating losses of $470m, although it is not clear whether this refers to a quarter, a year or another time period.
And the linked to report at Bloomberg:
Uber Technologies Inc. is telling prospective investors that it generates $470 million in operating losses on $415 million in revenue, according to a document provided to prospective investors.
It’s that “net” in the Torygraph report that grates.
“Net revenue” usually means profits. We can work out what they’re using it to mean here, Uber’s gross revenue net of payments to drivers etc. But it’s still an odd and entirely misleading way of reporting it.