Uber Q4 2022 Earnings Report
Key Takeaways
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.
Gross Bookings increased by 19% year-over-year to $30.7 billion.
Revenue grew by 49% year-over-year to $8.6 billion.
Net income attributable to Uber Technologies, Inc. was $595 million.
Adjusted EBITDA was $665 million, a significant increase from the previous year.
Uber
Uber
Forward Guidance
For Q1 2023, Uber anticipates Gross Bookings to grow 20% to 24% year-over-year on a constant currency basis, translating to a range of $31.0 billion to $32.0 billion, and Adjusted EBITDA of $660 million to $700 million.
Positive Outlook
- Gross Bookings are expected to grow 20% to 24% YoY on a constant currency basis.
- Gross Bookings are expected to be in the range of $31.0 billion to $32.0 billion.
- Adjusted EBITDA is projected to be between $660 million and $700 million.
- The company's global scale and platform advantages position it well for 2023.
- Profitability outlook was significantly exceeded in 2022.
Challenges Ahead
- There is an expected 3 percentage point currency headwind.
- Net cash used in operating activities was $244 million.
- Free cash flow was $(303) million.
- Q1 2023 guidance is subject to change based on various factors.
- Unspecified risks and uncertainties related to future business expectations.