Uber has reported its first ever annual operating profit as a limited company, in a landmark moment for a business that spent billions of dollars of investors’ money in an aggressive and often controversial expansion around the world.The US taxi app company said it made $1.1bn (£870m) in 2023, compared with a loss of $1.8bn the year before.The milestone has prompted investors to speculate over whether Uber will buy back shares or even pay out a dividend to investors. Prashanth Mahendra-Rajah, Uber’s chief f ...

Uber Technologies (UBER) reported $9.94 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 15.4%. EPS of $0.66 for the same period compares to $0.29 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $9.75 billion, representing a surprise of +1.94%. The company delivered an EPS surprise of +340.00%, with the consensus EPS estimate being $0.15.While investors scrutinize revenue and earnings changes year-over-year and how they compare wit ...

Uber Technologies, Inc. (NYSE:UBER) Q4 2023 Earnings Conference Call February 7, 2024 8:00 AM ET Company Participants Alax Wang - Head, Investor Relations Dara Khosrowshahi - Chief Executive Officer Prashanth Mahendra-Rajah - Chief Financial Officer Conference Call Participants Douglas Anmuth - JPMorgan Eric Sheridan - Goldman Sachs Brian Nowak - Morgan Stanley Ross Sandler - Barclays Justin Post - Bank of America Mark Mahaney - Evercore Ron Josey - Citi Deepak Mathivanan - Wolfe Research Operator Good morn ...

Uber (NASDAQ:UBER), the ride-sharing company, posted its first annual profit as a public company. The company said it earned $1.11 billion on revenue of $32.3 billion for the year. It said its adjusted Earnings Before Income Taxes, Depreciation and Amortization (EBITDA) was up 137%.For the fourth quarter, Uber said it earned 66 cents/share on revenue of $9.94 billion, beating analyst estimates of 16 cents/share of earnings on revenue of $9.76 billion. The news wasn’t good enough for investors, who sent the ...

Uber Technologies Inc (NYSE:UBER) is brushing off a top- and bottom-line beat for the fourth quarter, last seen down 1.9% at $69.10. Uber also issued an upbeat current-quarter forecast amid stronger demand for its ride sharing and food delivery services, and had its first full-year operating profit as a listed company.Though the shares are now on track to snap a four-day win streak, they are up 98% in the last 12 months, and early in the session notched an all-time high of $70.68. The equity also relies on ...

ToplineUber turned a profit last year for the first time in its five-year history as a public company, the ride-hailing giant revealed in its Wednesday morning earnings report, as Uber widens the distance between it and long-time rivals Lyft and DoorDash.Uber's stock has doubled over the last year. Getty Images Key FactsUber raked in $1.9 billion in profit last year, a remarkable recovery from 2022’s $9.1 billion loss, registering record revenues of $37.3 billion thanks to $19.8 billion in its core ride-hai ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Uber Technologies Inc. UBER, +2.15% logged a sizable earnings beat for the latest quarter and delivered an upbeat outlook for the current one, but its stock was dropping about 1% in Wednesday’s premarket activity. The company recorded fourth-quarter net income of $1.4 billion, or 66 cents a share, compared with $595 million, or 29 cents a share, in the year-before period. The FactSet consensus was for 16 cents a share in earnings. Uber’s revenue rose to $9.9 billion from $8.6 billion, while the FactSet con ...

Follow Invezz on Telegram , Twitter , and Google News for instant updates >Uber Technologies, Inc. (NYSE: UBER) has reported its financial results for the quarter and full year ending December 31, 2023, marking a significant milestone in its growth trajectory.Uber’s milestone yearCopy link to sectionDara Khosrowshahi, CEO of Uber, expressed his satisfaction with the company’s performance, stating, “2023 was an inflection point for Uber, proving that we can continue to generate strong, profitable growth at ...

Investors are always looking for stocks that are poised to beat at earnings season and Uber Technologies, Inc. (UBER) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Uber is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good ...