this post was submitted on 08 Sep 2025
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So they had a company tax bill of $1m which would have been from a profit of $3m, so their expenses would have been $399m.
That's just accounting and that headline is just rage bait.
Or to put it another way, less than 1% profit, a bad investment.
It's just not believable that a ticket clipping service which charges both the consumer and the restaurant is only making 1% profit. It's not like they are investing in equipment or holding inventory or anything like that.
Oh totally. I don't doubt Uber is inflating their expenses.
Shifty journalism just bugs the hell out of me.
What are their expenses anyway? They don't have many employees, they don't have inventory, they probably have a decent sized amazon bill but I doubt it's that much given how small NZ market is.
"Franchise fees".