Dara Khosrowshahi, CEO of Uber, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Uber reported second-quarter results that topped Wall Street estimates on Tuesday. The stock rose about 4% in pre-market trading. Here's how the company did for the period ending June 30, compared to analysts' estimates: Earnings per share: 47 cents vs. earnings of 31 cents expected by LSEG Revenue: $10.7 billion vs. $10.57 billion expected by LSEG Revenue increa ...

Exhibit 99.1 Uber Announces Results for Second Quarter 2024 Gross Bookings grew 19% year-over-year and 21% year-over-year on a constant currency basis Income from operations of $796 million; Adjusted EBITDA of $1.6 billion, up 71% year-over-year Operating cash flow of $1.8 billion; Free cash flow of $1.7 billion SAN FRANCISCO – August 6, 2024 – Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter ended June 30, 2024. "Uber's growth engine continues to hum, delivering our si ...

Uber Technologies (UBER) , a leading ride-hailing company, is set to report second-quarter 2024 results on Aug 6, before market open. The Zacks Consensus Estimate for the to-be-reported quarter's earnings and revenues is pegged at 31 cents per share and $10.6 billion, respectively. The earnings estimate for the to-be-reported quarter has remained stable over the past 60 days. The bottom-line projection indicates year-over-year growth of 72.2%. The Zacks Consensus Estimate for quarterly revenues suggests a y ...

In its upcoming report, Uber Technologies (UBER) is predicted by Wall Street analysts to post quarterly earnings of $0.31 per share, reflecting an increase of 72.2% compared to the same period last year. Revenues are forecasted to be $10.56 billion, representing a year-over-year increase of 14.4%. The current level reflects no revision 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 project ...

In the competitive environment of the gig economy, Uber Technologies Inc. (UBER, Financial) has succeeded in capturing market share through brand presence, expanding operations in new geographies and was added to the S&P 500 Index. The company generated positive net income for the first time in 2023, though that was due to its unrealized gain position in its Aurora investment. Diversification into various product lines has allowed Uber to generate multiple revenue streams. However, it faces critical challen ...

BofA Securities analyst Justin Post reiterated a Buy rating on Uber Technologies, Inc. UBER, with a price forecast of $87. The company will hold its quarterly conference call on Tuesday, August 6th, to discuss its second quarter 2024 financial results. The analyst projects stable 21% growth in bookings excluding foreign exchange, with total bookings, revenue, and EBITDA expected to reach $39.7 billion, $10.6 billion, and $1.52 billion, respectively. BAC aggregated credit & debit card data suggests stable se ...

Uber on Wednesday (July 31) announced a multiyear strategic partnership aimed at integrating 100,000 BYD electric vehicles (EVs) into its platform across several key global markets. The initiative will begin in Europe and Latin America, with plans to expand to the Middle East, Canada, Australia and New Zealand. This partnership will provide Uber drivers with competitive pricing and financing options for BYD vehicles, representing a major advancement in Uber's commitment to sustainable transportation. Uber, ...

UBS on Monday raised its price target for Uber to $102 from $95, lowering its targets for Uber's competitors in the rideshare and food-delivery spaces, Lyft (LYFT) and DoorDash (DASH), to $15 and $125 from $19 and $130, respectively. Analyst Estimates for Q2 2024 Q1 2024 Q2 2023 Revenue $10.56 billion $10.13 billion $9.23 billion Diluted EPS (Loss) 31 cents (31 cents) 19 cents Net Income (Loss) $652.33 million ($654 million) $394 million Key Metric: Gross Bookings for Food Delivery vs. Rideshare Trips UBS a ...

Prior to today's trading, shares of the ride-hailing company had lost 11.39% over the past month. This has lagged the Computer and Technology sector's loss of 4.62% and the S&P 500's loss of 0.21% in that time. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.85 per share and a revenue of $43.32 billion, indicating changes of -2.3% and +16.2%, respectively, from the former year. Research indicates that these estimate revisions are directly correlated with near-term sh ...

The California Supreme Court ruled Thursday (July 25) that gig workers can be classified as independent contractors, ending a long legal battle in the state. The court's ruling upheld a lower-court decision that Proposition 22, a 2020 ballot measure that allowed companies to classify drivers as gig workers, was constitutional, the Wall Street Journal (WSJ) reported Thursday. A yearslong legal battle followed voters' passage of Proposition 22, as some drivers and the Service Employees International Union (SE ...