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Dec 31, 2024
Uber Q4 2024 Earnings Report
Key Takeaways
Uber reported a strong fourth quarter in 2024, with significant growth in key metrics such as gross bookings, revenue, and trips. The company achieved an operating income of $770 million and a net income of $6.9 billion, bolstered by a substantial tax valuation release and gains from equity investments.
Uber
Uber
Forward Guidance
Uber anticipates continued growth in Q1 2025, projecting gross bookings between $42.0 billion and $43.5 billion, accounting for a 5.5 percentage point currency headwind. Adjusted EBITDA is expected to range from $1.79 billion to $1.89 billion, representing 30% to 37% year-over-year growth.
Positive Outlook
- Projected gross bookings growth of 17% to 21% year-over-year on a constant currency basis
- Anticipated adjusted EBITDA growth of 30% to 37% year-over-year
- Continued strong demand in both Mobility and Delivery segments
- Strategic focus on autonomous vehicle opportunities
- Active and opportunistic stock repurchase plans
Challenges Ahead
- Expected 5.5 percentage point currency headwind impacting reported gross bookings
- Potential challenges in maintaining rapid growth rates amid market saturation
- Ongoing competition in ride-hailing and delivery sectors
- Regulatory uncertainties in various markets
- Pressure to sustain profitability while investing in new technologies