UBER Q2 Earnings & Revenues Surpass Estimates, Up Y/Y

Uber Technologies (UBER) reported second-quarter 2024 earnings of 47 cents per share, which outpaced the Zacks Consensus Estimate of 31 cents and improved more than 100% on a year-over-year basis. Total revenues of $10.700 billion beat the Zacks Consensus Estimate of $10.558 billion. The top line jumped 16% year over year on a reported basis and 17% on a constant currency basis. In the second quarter, the majority (57.3%) of the company's revenues came from Mobility. Revenues from this segment jumped 25% ye ...