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Jun 30, 2022
Uber Q2 2022 Earnings Report
Uber's Q2 2022 results were announced, with Gross Bookings reaching an all-time high and the company achieving free cash flow generation.
Key Takeaways
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.
Gross Bookings grew 33% year-over-year to $29.1 billion, with Mobility and Delivery contributing significantly.
Revenue increased 105% year-over-year to $8.1 billion, driven by business model changes and acquisitions.
Uber generated $382 million in free cash flow, marking a significant milestone.
Adjusted EBITDA reached $364 million, up $873 million year-over-year, demonstrating improved profitability.
Uber
Uber
Uber Revenue by Segment
Revenue by Segment
Freight Revenue
CapyFin.com Forward Guidance
For Q3 2022, Uber anticipates Gross Bookings between $29.0 billion and $30.0 billion, and Adjusted EBITDA between $440 million and $470 million.
Positive Outlook
- Gross Bookings are expected to be between $29.0 billion and $30.0 billion.
- Adjusted EBITDA is projected to be between $440 million and $470 million.