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Dec 31, 2023
Uber Q4 2023 Earnings Report
Uber's Q4 2023 results demonstrated strong and profitable growth, driven by increased platform engagement and disciplined investment.
Key Takeaways
Uber's Q4 2023 saw a 15% increase in revenue to $9.9 billion, a net income of $1.4 billion, and an adjusted EBITDA of $1.3 billion. Gross Bookings grew by 22% year-over-year to $37.6 billion. The company's platform saw increased engagement with 150 million monthly active platform consumers and 2.6 billion trips.
Gross Bookings increased by 22% year-over-year to $37.6 billion.
Revenue grew by 15% year-over-year to $9.9 billion.
Net income was $1.4 billion, including a $1.0 billion net tailwind from equity investment revaluations.
Adjusted EBITDA reached $1.3 billion, with a margin of 3.4% of Gross Bookings.
Revenue by Segment
Forward Guidance
For Q1 2024, Uber anticipates Gross Bookings of $37.0 billion to $38.5 billion and Adjusted EBITDA of $1.26 billion to $1.34 billion.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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