Uber Earnings Reports

Uber delivered strong top- and bottom-line results, achieving record net income driven by a large tax benefit, along with solid growth in trips and revenue across Mobility and Delivery segments.

Uber delivered a solid quarter with double-digit revenue growth, strong net income, and robust free cash flow. The company announced a $20B share buyback and saw strength across both Mobility and Delivery segments.

Uber delivered a profitable quarter with $1.8 billion in net income and $2.3 billion in free cash flow. Revenue and trips grew double digits, reflecting continued platform strength in both Mobility and Delivery segments.

Uber reported a strong fourth quarter in 2024, with significant growth in key metrics such as gross bookings, revenue, and trips. The company achieved an operating income of $770 million and a net income of $6.9 billion, bolstered by a substantial tax valuation release and gains from equity investments.

Uber reported a strong Q3 2024 with significant growth in Gross Bookings and Revenue. The company achieved its first $1 billion in GAAP operating income, driven by increases in both Mobility and Delivery segments. Uber is focused on returning capital to shareholders and investing in future growth opportunities.

Uber's Q2 2024 results showed strong growth in Gross Bookings and Revenue, driven by increases in both Mobility and Delivery segments. The company achieved record profitability with a significant increase in Adjusted EBITDA. Uber started share repurchases during the quarter.

Uber's Q1 2024 showed strong growth with a 20% increase in Gross Bookings and an 82% increase in Adjusted EBITDA year-over-year. The company generated $1.4 billion in free cash flow and saw a 15% increase in Monthly Active Platform Consumers.

Uber's Q4 2023 saw a 15% increase in revenue to $9.9 billion, a net income of $1.4 billion, and an adjusted EBITDA of $1.3 billion. Gross Bookings grew by 22% year-over-year to $37.6 billion. The company's platform saw increased engagement with 150 million monthly active platform consumers and 2.6 billion trips.

Uber Technologies, Inc. announced strong financial results for the third quarter of 2023, with a 25% increase in trips and a 15% increase in monthly active platform consumers year-over-year. The company reported a net income of $221 million and an income from operations of $394 million. Adjusted EBITDA reached an all-time high, and free cash flow was $905 million.

Uber reported a strong second quarter in 2023, with a 16% increase in Gross Bookings and a 14% increase in Revenue. The company achieved income from operations of $326 million and a net income of $394 million. Uber also reported record quarterly free cash flow of $1.1 billion.

Uber Technologies, Inc. announced financial results for the quarter ended March 31, 2023, revealing a 19% year-over-year increase in Gross Bookings to $31.4 billion and a 29% year-over-year increase in Revenue to $8.8 billion. The company's Net loss attributable to Uber Technologies, Inc. was $157 million, while Adjusted EBITDA reached $761 million, up $593 million year-over-year. Additionally, Uber reported a record free cash flow of $549 million.

Uber Technologies, Inc. reported a strong Q4 2022, with Gross Bookings up 19% year-over-year to $30.7 billion and Revenue up 49% year-over-year to $8.6 billion. Net income attributable to Uber Technologies, Inc. was $595 million, and Adjusted EBITDA reached $665 million.

Uber Technologies, Inc. announced its financial results for the third quarter of 2022, reporting a 26% year-over-year increase in Gross Bookings to $29.1 billion and a 72% increase in revenue to $8.3 billion. The company's Adjusted EBITDA reached a record $516 million, and it generated $358 million in free cash flow. Despite these positive results, Uber reported a net loss of $1.2 billion, which includes net headwinds from revaluations of equity investments and stock-based compensation expenses.

Uber's Q2 2022 saw significant growth in Gross Bookings, reaching a record $29.1 billion, and the company achieved profitability commitments faster than planned. Revenue grew substantially, driven by changes in the UK Mobility business and the acquisition of Transplace. The company generated positive free cash flow, marking a new phase of self-funding future growth.

Uber's Q1 2022 saw substantial revenue growth, significantly outpacing Gross Bookings growth, primarily due to the acquisition of Transplace by Freight, a change in the business model for our UK Mobility business, and an easier comparison in Q1 2021 due to the accrual for historical claims in the UK. However, the company reported a net loss of $5.9 billion, heavily impacted by losses related to equity investments.

Uber's Q4 2021 results showed strong growth with gross bookings up 51% year-over-year to $25.9 billion and net income of $892 million, including a $1.4 billion net benefit from equity investments. Delivery reached Adjusted EBITDA profitability, and Mobility Gross Bookings approached pre-pandemic levels.

Uber Technologies, Inc. announced financial results for Q3 2021, featuring a 57% year-over-year growth in Gross Bookings to $23.1 billion. The company reported a net loss of $2.4 billion, which includes a $2.0 billion net headwind from revaluation of Uber’s equity investments. However, Uber achieved its first Adjusted EBITDA profitable quarter as a public company, with an Adjusted EBITDA of $8 million.

Uber Technologies, Inc. announced its financial results for the second quarter of 2021, revealing significant growth in Gross Bookings, which reached an all-time high, and a net income of $1.1 billion. The company invested in recovery efforts, particularly in driver availability, and is progressing towards Adjusted EBITDA profitability by Q4.

Uber's Q1 2021 showed significant growth in Gross Bookings, reaching an all-time high, driven by strong performance in the Delivery segment. The company reported a net loss, but Adjusted EBITDA improved year-over-year. Revenue was impacted by an accrual for the resolution of historical claims in the UK.

Uber's Q4 2020 saw a 13% quarter-over-quarter revenue growth, reaching $3.2 billion. Gross Bookings grew by 16% QoQ to $17.2 billion. The net loss attributable to Uber Technologies, Inc. was $968 million. Adjusted EBITDA loss was $(454) million, improved by $171 million QoQ.

Uber's Q3 2020 results showed a revenue of $3.1 billion, a decline of 18% year-over-year. Despite the pandemic, the company saw improvements in Mobility Adjusted EBITDA and Delivery Adjusted EBITDA margins. The company remains confident in achieving quarterly Adjusted EBITDA profitability before the end of 2021.

Uber's Q2 2020 results reflect the impact of the COVID-19 pandemic, with a decline in overall revenue and gross bookings. However, the Delivery segment experienced significant growth. The company took measures to reduce costs and improve safety.

Uber's Q1 2020 results were impacted by the COVID-19 pandemic. While revenue increased by 14% year-over-year to $3.5 billion, the company reported a net loss of $2.9 billion, which includes significant impairment write-downs. The Rides business was heavily affected, but Uber Eats saw a surge in demand. The company has taken measures to strengthen its balance sheet and focus on Uber Eats.

Uber's Q4 2019 saw revenue of $4.1 billion, a 37% increase year-over-year. Gross Bookings grew by $4.0 billion to $18.1 billion, representing 28% year-over-year growth. The net loss attributable to Uber Technologies, Inc. was $1.1 billion, including $243 million in stock-based compensation expense.