Cost of revenuesCost of revenues are the biggest driver of Uber's expenses, accounting for a little over 40% of total OpEx. This includes Core Platform insurance expenses, credit card processing fees, data center expenses, mobile device and service expenses.
Why are Uber’s more expensive in NYC?
The price hike is the result of a new law that requires ride-hailing apps like Uber, Juno, and Lyft to pay its drivers a set minimum wage that equates to at least $27.86 per hour. After expenses, though, drivers' wages will amount to $17.22, or approximately $5 more than they were making before.