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Mar 31, 2022
Uber Q1 2022 Earnings Report
Uber's Q1 2022 results showed significant growth in Gross Bookings and Revenue, driven by strong performance in Mobility and Delivery segments, but were impacted by losses from equity investments.
Key Takeaways
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.
Gross Bookings increased by 35% year-over-year to $26.4 billion.
Revenue grew by 136% year-over-year to $6.9 billion.
Net loss attributable to Uber Technologies, Inc. was $5.9 billion, including a $5.6 billion headwind from equity investments.
Adjusted EBITDA was $168 million, a $527 million increase year-over-year.
Revenue by Segment
Forward Guidance
For Q2 2022, Uber anticipates Gross Bookings of $28.5 billion to $29.5 billion and Adjusted EBITDA of $240 million to $270 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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