February 5, 2025 1 Non-GAAP Financial Measures Disclosure To supplement our financial information, which is prepared and presented in accordance with generally accepted accounting principles in the United States of America, or GAAP, we use the following non-GAAP financial measures: Adjusted EBITDA; Non-GAAP Costs and Operating Expenses; Trailing Twelve Months Adjusted EBITDA; Trailing Twelve Months Free Cash Flow; Free Cash Flow as well as revenue growth rates in constant currency. The presentation of this ...

Uber Technologies exceeded market projections in its latest earnings report, revealing robust growth despite ongoing challenges.Uber Technologies (UBER 3.66%), the global leader in ridesharing and innovative mobility solutions, unveiled its fiscal fourth-quarter results for 2024 on February 5, 2025. The company reported stellar financial outcomes, significantly eclipsing analysts' expectations. Uber's diluted earnings per share (EPS) reached $3.21, a monumental leap from the projected $0.50. This impressive ...

Core Insights - Uber Technologies reported a net income of $6.88 billion, or $3.21 per share, on revenue of $11.96 billion, significantly exceeding analysts' revenue expectations of $11.76 billion but falling short on profit estimates [1][2] - The company's operating income of $770 million was well below the expected $1.21 billion, leading to a nearly 7% drop in shares following the report [2] - Gross bookings reached $44.2 billion with 3.07 billion trips, both figures surpassing analyst expectations, indicating strong operational performance despite the income miss [3] Financial Performance - Net income: $6.88 billion, or $3.21 per share [1] - Revenue: $11.96 billion, compared to expected $11.76 billion [1] - Operating income: $770 million, missing estimates of $1.21 billion [2] - Adjusted EBITDA: $1.84 billion, slightly below expectations [2] Operational Metrics - Gross bookings: $44.2 billion, exceeding the expected $43.48 billion [3] - Total trips: 3.07 billion, higher than the anticipated 3.02 billion [3] - Year-over-year trips growth: 18%, compared to 17% in the previous quarter [3]

Dara Khosrowshahi, CEO of Uber, speaking on CNBC's Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025.Uber shares fell around 7% in premarket trading Wednesday after the ride-sharing company reported fourth-quarter results that beat analysts' expectations for revenue but offered soft guidance.Here's how the company did:Earnings per share: $3.21. That does not compare with the 50 cents expected by LSEG.Revenue: $11.96 billion vs. $11.77 billion expected by LSEG.Uber's revenue ...

Financial Performance - Gross Bookings for Q4 2024 reached $44.2 billion, growing 18% year-over-year and 21% on a constant currency basis[4] - Adjusted EBITDA for Q4 2024 was $1.8 billion, representing a 44% increase year-over-year, with an adjusted EBITDA margin of 4.2%[4] - Net income attributable to Uber Technologies, Inc. for Q4 2024 was $6.9 billion, boosted by a $6.4 billion tax valuation release[4] - Free cash flow for Q4 2024 was $1.7 billion, a 122% increase compared to Q4 2023[5] - Revenue for Q4 2023 was $9.936 billion, an increase from $11.959 billion in Q4 2024, and total revenue for the year 2023 was $37.281 billion, projected to rise to $43.978 billion in 2024[34] - Net income attributable to Uber Technologies, Inc. for Q4 2023 was $1.429 billion, significantly increasing to $6.883 billion in Q4 2024, with annual net income rising from $1.887 billion in 2023 to $9.856 billion in 2024[34] - Operating cash flow for Q4 2023 was $823 million, expected to increase to $1.750 billion in Q4 2024, with total operating cash flow for 2023 at $3.585 billion projected to reach $7.137 billion in 2024[36] - Total costs and expenses for Q4 2023 were $9.284 billion, anticipated to rise to $11.189 billion in Q4 2024, with annual costs increasing from $36.171 billion in 2023 to $41.179 billion in 2024[34] User Engagement - Monthly Active Platform Consumers (MAPCs) increased to 171 million, up 14% from 150 million in Q4 2023[5] - Total trips in Q4 2024 grew 18% year-over-year to 3.1 billion, averaging approximately 33 million trips per day[4] - Total trips on the platform grew 18% year-over-year to 3.1 billion, with monthly trips per MAPC reaching an all-time high of 6.0[5] - Uber One membership base grew to 30 million, a 60% increase year-over-year, with plans launched in 6 new countries[5] Mobility and Delivery Performance - Mobility Gross Bookings for Q4 2024 were $22.8 billion, an 18% increase year-over-year, while Delivery Gross Bookings were $20.1 billion, also up 18% year-over-year[4] - Delivery Adjusted EBITDA increased 53% year-over-year to $727 million, with a margin of 3.6% of Gross Bookings[14] - Drivers and couriers earned an aggregate of $20.0 billion during the quarter, up 16% year-over-year, or 22% on a constant currency basis[5] Debt and Cash Management - The company redeemed $2.0 billion of outstanding debt in Q4 2024, ending the quarter with $7.0 billion in unrestricted cash and short-term investments[4] - The company had cash and cash equivalents of $7.004 billion at the end of Q4 2023, projected to increase to $8.610 billion by the end of Q4 2024[37] Asset and Liability Changes - Uber's total assets increased from $38.699 billion as of December 31, 2023, to $51.244 billion as of December 31, 2024[32] - Total liabilities rose from $26.017 billion to $28.768 billion during the same period[32] - The accumulated deficit decreased from $30.594 billion to $20.726 billion[32] Operational Efficiency - Adjusted EBITDA margin as a percentage of Gross Bookings is a key metric for assessing operational efficiency, although specific percentages were not provided[44] - Non-GAAP costs and operating expenses for Q4 2023 were $6,048 million, reflecting the company's focus on managing operational costs[62] Shareholder Returns - The company entered into an accelerated share repurchase agreement to repurchase $1.5 billion of Uber common stock as part of a $7.0 billion share repurchase authorization[20] Technology and Market Expansion - Uber launched a new capacity-as-a-service solution called Broker Access for freight brokers, enhancing load booking and execution[19] - The company expanded its Uber for Teens service to 26 new countries, now available in over 50 countries[5] Legal and Regulatory Factors - Legal, tax, and regulatory reserve changes and settlements are noted as significant factors affecting financial performance, with implications for future cash flow[55]

Dara Khosrowshahi, CEO of Uber, speaking on CNBC's Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025.Ride-hailing and food delivery app Uber is opening its "interest list" to users in Austin, Texas, who want to be first in line for Waymo robotaxis there.The company said in a statement that users will "be able to travel across 37 square miles of Austin — from Hyde Park, to Downtown, to Montopolis" — when the Uber-Waymo service launches soon.The so-called "interest list" allow ...

Uber customers in Austin may notice a new offer when they open the app and hail a ride: an invitation to signal their interest in a Waymo robotaxi. For now, this doesn’t translate into a Waymo picking them up. But it will soon. The “interest list,” which launched Wednesday, is part of a partnership between Uber and Waymo to operate a robotaxi service in Austin and Atlanta in early 2025. The service is expected to begin soon in Austin, although neither company would share an official start date. A new co-b ...

Uber Technologies, Inc. UBER will release its fourth-quarter financial results before the opening bell on Wednesday, Feb. 5.Analysts expect the San Francisco, California-based company to report quarterly earnings at 50 cents per share, down from 66 cents per share in the year-ago period. Uber projects quarterly revenue of $11.77 billion, compared to $9.94 billion a year earlier, according to data from Benzinga Pro.Uber’s gross bookings grew by 16% to $40.97 billion in the third quarter, though this growth r ...

Core Viewpoint - Uber Technologies Inc is set to report its fourth-quarter earnings, with Wall Street expecting an EPS of 49 cents and revenues of $11.77 billion, indicating positive market sentiment ahead of the earnings release [1]. Stock Performance - Uber stock has shown a 0.95% increase over the past year and a 9.67% year-to-date rise, reflecting a bullish trend [1]. - The current share price is $69.27, trading above its five-day, 20-day, and 50-day exponential moving averages, indicating continued buying pressure [1]. Moving Averages - The eight-day simple moving average (SMA) is at $67.77, the 20-day SMA at $67.14, and the 50-day SMA at $66.04, all signaling bullish momentum [2]. - However, the stock remains below its 200-day SMA of $69.74, which may act as a key resistance level in the long term [2]. Momentum Indicators - The Moving Average Convergence Divergence (MACD) indicator at 0.70 suggests that bullish momentum remains intact [3]. - The Relative Strength Index (RSI) at 61.41 indicates neutral territory, suggesting that the stock is not yet overbought [3]. - Investors may look for a sustained move above the 200-day SMA for a longer-term bullish breakout, while a drop below the 50-day SMA could signal potential weakness [3]. Analyst Ratings - The consensus analyst rating for Uber stock is currently a Buy, with a price target of $91.81, indicating a potential upside of 29.45% [4]. - At the time of publication, Uber stock was trading up 1.33% at $69.91 [4].

Uber Technologies Inc (NYSE:UBER) is preparing for its latest quarterly report, due out before the open tomorrow, January 5. Analysts appear optimistic ahead of the event, expecting earnings of 50 cents per share and year-over-year revenue growth of 18.2% to $11.74 billion. Though UBER is up 15.7% year to date, the $70 level has kept a lid on on gains since the start of January. The shares also touched the overhead 80-day moving during today's rise, so there is plenty of potential resistance for tomorrow's ...