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.

Total Revenue

$12B

Previous year: $9.94B

+20.4%

EPS

$0.23

Previous year: $0.66

-65.2%

Gross Profit

$4.73B

Previous year: $3.88B

+21.8%

Cash and Equivalents

$7.52B

Previous year: $6.21B

+21.1%

Free Cash Flow

$1.71B

Previous year: $768M

+122.1%

Total Assets

$51.2B

Previous year: $38.7B

+32.4%

Uber Revenue

Uber EPS

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