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 ...

ToplineRide-hailing giant Uber plans to cut more than 150 employees as part of its decision to shut down its alcohol delivery service, Drizly—the Boston-based marketplace that exploded in popularity during the Covid-19 pandemic—and folds it Uber Eats.Uber said it will cut 168 positions and shut down its Drizly operation.Getty Images Key FactsUber’s layoffs will affect 168 employees in Boston, starting April 1 through September 1, according to a Massachusetts state filing—Uber’s second round of layoffs in le ...

Uber Technologies (UBER) is set to report earnings on Wednesday before the opening bell, and the options market is pricing in a 7.5% move in either direction.X Today, we're looking at selling a cash secured put to take advantage of the high implied volatility around the earnings announcement.Last week's similar trade on Amazon.com (AMZN) worked a treat and hopefully this one will, too.A cash-secured put involves selling an at-the-money or out-of-the-money put option and simultaneously setting aside enough c ...

Analysts on Wall Street project that Uber Technologies (UBER) will announce quarterly earnings of $0.15 per share in its forthcoming report, representing a decline of 48.3% year over year. Revenues are projected to reach $9.75 billion, increasing 13.2% from the same quarter last year.The current level reflects a downward revision of 1.9% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial proje ...