Uber outperformed revenue expectations in Q1 2024 with the help of gross bookings jumping 20% year over year.Global ride-hailing leader Uber Technologies (UBER 2.50%) announced its Q1 2024 earnings on Wednesday, May 8, delivering results that came in just above analysts' estimates on revenue. Revenue of $10.13 billion for the quarter topped 2023's total by 15%. Adjusted EBITDA saw an 82% rise, reaching $1.4 billion, reflecting Uber's growing operational efficiency and profitability. Despite the gains, a net ...

Key PointsUber shares dropped yesterday following the Company's Q1 earnings report.Though they topped expectations on revenue, forward guidance came in light.There are several reasons to see this as a golden buying opportunity. 5 stocks we like better than Uber TechnologiesOn a day when the broader market managed to finish flat, if not slightly up, shares of Uber Technologies, Inc. NYSE: UBER dropped more than 5%. It could have been worse, with the ride-sharing Company's stock trading down almost 10% at one ...

The ride-hailing company Uber (UBER) stock fell about 5.7% on May 8, 2024 following the release of first-quarter results. Revenue met estimates while gross bookings fell short. Uber’s net loss widened to $654 million from $157 million in the same quarter last year due to revaluations of Uber's investments.Uber Technologies came up with a quarterly loss of $0.32 per share versus the Zacks Consensus Estimate of $0.21. This compares to loss of $0.08 per share a year ago. Total revenues of $10,131 million beat ...

Uber lost some of its "most frequent customers" thanks to the rise of remote working, its CEO said.Dara Khosrowshahi made the observation during the company's Q1 earnings call.That trend is reversing somewhat though, and "people are getting back to work," Khosrowshahi said. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Ema ...

Key TakeawaysThe S&P 500 was essentially flat on Wednesday, May 8, 2024, as Fed officials struck a cautious tone on rate cuts and more companies reported quarterly results.Uber shares sank after the ridesharing giant posted an unexpected net loss for the first quarter as investment revaluations weighed on profitability.Shares of electric power generator Vistra Corp. surged on their first day as a component of the S&P 500. Major U.S. equities indexes were mixed on Wednesday. The rally dating back to last wee ...

Uber Technologies (UBER) reported a loss of 32 cents per share in the first quarter of 2024. The Zacks Consensus Estimate was pegged at 21 cents. In the year-ago quarter, UBER incurred a loss of 8 cents.Total revenues of $10,131 million beat the Zacks Consensus Estimate of $10,076 million. The top line jumped 15% year over year.In the reported quarter, the majority (55.6%) of the company’s revenues came from Mobility. Revenues from this segment jumped 30% year over year to $5,633 million. Revenues from the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________ FORM 10-Q ____________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_____ to _____ Commission File Number: 001-38902 ____________________ ...

Loading...Loading... Uber's revenue increased by 15% in the first quarter of 2024 compared to the same period last year. The company reported a substantial net loss of $654 million. Following the release of these financial results, Uber’s stock price dropped by 8%, reducing its year-to-date gains. For Q1 of 2024, Uber Technologies Inc UBER revealed that the company performed better than expected in terms of revenue, seeing a 15% growth compared to last year, but its operating profit didn't hit its target.An ...

After Uber Technologies (UBER) reported mixed first-quarter results sending shares lower in intraday trading Wednesday, executives joined the company's earnings call to discuss its financial results, future plans for expansion, and partnerships with autonomous vehicle companies that could provide growth opportunities. Equity Investments Could Continue To Drag on Uber's Bottom Line Executives suggested Wednesday that Uber's equity investments could continue to impact its bottom line in the coming quarter ...

For the quarter ended March 2024, Uber Technologies (UBER) reported revenue of $10.13 billion, up 14.8% over the same period last year. EPS came in at -$0.32, compared to -$0.08 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $10.08 billion, representing a surprise of +0.55%. The company delivered an EPS surprise of -252.38%, with the consensus EPS estimate being $0.21.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...