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Sep 30, 2023
Uber Q3 2023 Earnings Report
Uber's Q3 2023 performance showcased strong growth in trips and monthly active platform consumers, alongside profitability improvements and positive cash flow.
Key Takeaways
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.
Gross Bookings increased by 21% year-over-year to $35.3 billion.
Revenue grew by 11% year-over-year to $9.3 billion.
Income from operations was $394 million, a significant increase compared to the previous year.
Free cash flow reached $905 million, including a $622 million cash outflow related to a VAT assessment payment.
Revenue by Segment
Forward Guidance
For Q4 2023, Uber anticipates Gross Bookings of $36.5 billion to $37.5 billion and Adjusted EBITDA of $1.18 billion to $1.24 billion.
Positive Outlook
- Gross Bookings are expected to be between $36.5 billion and $37.5 billion.
- Adjusted EBITDA is projected to be in the range of $1.18 billion to $1.24 billion.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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