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 ...

Core Viewpoint - Uber Technologies is expected to report its fourth-quarter 2024 results on February 5, with a significant focus on gross bookings performance [1][7]. Financial Performance - In Q3 2024, Uber reported earnings per share of $1.20, a substantial increase from $0.10 in the previous year, surpassing the Zacks Consensus Estimate of $0.41 [3]. - Total revenues for Q3 2024 reached $11.18 billion, reflecting a year-over-year growth of 20.4%, exceeding the consensus estimate of $11 billion [3]. Segment Performance - The Mobility segment saw a revenue increase of 26% in Q3 2024, with gross bookings rising 17% year-over-year to $21 billion [4]. - The Delivery segment also performed well, with revenues growing 18% year-over-year and gross bookings increasing 16% to $18.7 billion, alongside a 17% rise in trips to 2.9 billion [5]. Cash Flow and Debt - At the end of Q3 2024, Uber had cash and cash equivalents of $6.15 billion, up from $4.49 billion in the previous quarter, while long-term debt increased to $10.98 billion from $9.45 billion [6]. Q4 Expectations - For Q4 2024, Uber anticipates gross bookings to be between $42.75 billion and $44.25 billion, indicating a year-over-year growth of 16-20% on a constant currency basis [7]. - The Mobility segment is expected to generate gross bookings of $23.25 billion, representing a 20.6% increase year-over-year, while the Delivery segment is projected to reach $19.6 billion, a 15.2% growth [8]. Earnings and Revenue Estimates - The Zacks Consensus Estimate for Q4 earnings is set at $0.50 per share, reflecting a decline of 24.2% year-over-year, while the sales estimate is $11.74 billion, indicating an 18.2% rise [9].