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Mar 31, 2021
Uber Q1 2021 Earnings Report
Uber's Q1 2021 results were announced, with gross bookings reaching an all-time high and improvements in adjusted EBITDA.
Key Takeaways
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.
Gross Bookings reached an all-time high of $19.5 billion, up 24% year-over-year.
Delivery Gross Bookings grew by 166% year-over-year, reaching $12.5 billion.
Revenue was $2.9 billion, impacted by a $600 million accrual for UK claims.
Net loss was $(108) million, while Adjusted EBITDA improved to $(359) million.
Revenue by Segment
Forward Guidance
Uber did not provide specific forward guidance in this earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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