Shares of ride-sharing company Uber Technologies (UBER -7.10%) dipped on Wednesday after the company reported financial results for the fourth quarter of 2024. The Q4 results were fine but the forward guidance fell short of what investors were hoping for. That's why Uber stock was down 7% as of 10:20 a.m. ET.The bookings outlook didn't satisfy investorsTo truly have a handle on Uber's business, investors need to understand its gross bookings. Gross bookings refers to the total dollar value of transactions o ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Uber Technologies (UBER) reported $11.96 billion in revenue for the quarter ended December 2024, representing a year-over-year increase of 20.4%. EPS of $3.21 for the same period compares to $0.66 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $11.76 billion, representing a surprise of +1.69%. The company delivered an EPS surprise of +542.00%, with the consensus EPS estimate being $0.50.While investors closely watch year-over-year changes in headline numbers -- revenue and earni ...

Financial Data and Key Metrics Changes - Gross bookings growth on a constant currency basis exceeded expectations, achieving a 21% increase, surpassing the mid to high teens commitment [8][9] - Adjusted EBITDA grew 60% year on year, exceeding the high thirties to forty percent CAGR commitment [8] - Free cash flow conversion as a percentage of EBITDA was 106%, compared to the indicated 90% plus [9] Business Line Data and Key Metrics Changes - Mobility business saw a constant currency growth of 24% in Q4, with an EBITDA margin of 7.8% of gross bookings, up 30 basis points year over year [25][26] - Uber One membership program added five million members in the quarter, totaling 30 million members, a 60% year-on-year increase [7][26] - Delivery gross bookings accelerated quarter on quarter, with over a million active merchants, up 16% year on year [42][47] Market Data and Key Metrics Changes - The company is focusing on expanding into less dense areas, which have shown 1.5 times faster growth compared to more populated areas [38][39] - Latin America represents about a quarter of international gross bookings, with significant currency depreciation impacting top-line growth [66] Company Strategy and Development Direction - The company is investing aggressively in autonomous vehicle (AV) technology, viewing itself as a key partner for AV players [10][20] - The strategy includes expanding supply in less dense areas and enhancing product offerings to drive growth [35][41] - The company aims to balance top-line growth with bottom-line growth, maintaining a focus on premium products to fund lower-cost offerings [108][109] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued strong growth in Q1, despite foreign exchange headwinds, expecting gross bookings growth of 17% to 21% [9][61] - The company anticipates that the commercialization of AV technology will take longer than expected, but sees significant long-term opportunities [52][58] Other Important Information - The company announced a leadership change in the Investor Relations team, with Deepa Subramanian departing and Oji Krishnamurthy stepping in [112][113] Q&A Session Summary Question: Thoughts on investing in autonomous assets and core rides business profitability - Management is investing aggressively in autonomous assets and believes they are well-positioned for future growth [16][20][21] - The mobility profitability trends are expected to continue improving, with a focus on strong returns and growth potential [23][25] Question: Extending the network for rider growth and delivery user behavior - The company is focusing on less dense areas to drive growth and has observed higher growth rates in these regions [35][38] - User behavior in delivery is improving due to increased selection and merchant-funded offers [42][44] Question: AV market evolution and constant currency outlook - Management sees a significant opportunity in the AV market, expecting more players to emerge as technology develops [51][59] - The Q1 guidance reflects adjustments for external headwinds, with a focus on audience growth [61][63] Question: AV commercialization challenges and insurance costs - The company is optimistic about AV deployments in Phoenix and upcoming launches in Austin and Atlanta [75][77] - Insurance costs are expected to stabilize, with a projected high single-digit increase per trip in 2025 [78][80] Question: Business models with AVs and addressable market - There will be experimentation with various business models for AVs, with a focus on fleet partnerships [93][96] - The addressable market for AVs is expected to grow gradually, starting with 10-15% of the overall marketplace [99] Question: Pricing elasticity and future margins - Management believes pricing increases have been largely neutral and emphasizes a balanced approach to growth [107][109] - The company is confident in its ability to deliver on both top-line and bottom-line growth moving forward [109][110]

Uber Technologies, Inc UBER reported fiscal fourth-quarter 2024 revenue growth of 20% year-on-year to $11.96 billion, beating the analyst consensus of $11.77 billion.Uber reported adjusted EPS of 23 cents, which missed the analyst consensus of 50 cents. The stock plunged after the report.Also Read: Taiwan Semiconductor Plans Massive 1nm Fab 25 in Taiwan, Boosting Advanced Chipmaking CapacityRevenue from Mobility grew to $6.91 billion, up 25% year over year. Delivery was $3.77 billion, up 21%, and Freight wa ...

Uber Technologies (UBER) came out with quarterly earnings of $3.21 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.66 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 542%. A quarter ago, it was expected that this ride-hailing company would post earnings of $0.41 per share when it actually produced earnings of $1.20, delivering a surprise of 192.68%.Over the last four quarters ...

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 ...