Uber Technologies (UBER) reported $11.96 billion in revenue for the quarter ended December 2024, representing a year-over-year increase of 20.4%. EPS of $3.21 for the same period compares to $0.66 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $11.76 billion, representing a surprise of +1.69%. The company delivered an EPS surprise of +542.00%, with the consensus EPS estimate being $0.50.While investors closely watch year-over-year changes in headline numbers -- revenue and earni ...

Financial Data and Key Metrics Changes - Gross bookings growth on a constant currency basis exceeded expectations, achieving a 21% increase, surpassing the mid to high teens commitment [8][9] - Adjusted EBITDA grew 60% year on year, exceeding the high thirties to forty percent CAGR commitment [8] - Free cash flow conversion as a percentage of EBITDA was 106%, compared to the indicated 90% plus [9] Business Line Data and Key Metrics Changes - Mobility business saw a constant currency growth of 24% in Q4, with an EBITDA margin of 7.8% of gross bookings, up 30 basis points year over year [25][26] - Uber One membership program added five million members in the quarter, totaling 30 million members, a 60% year-on-year increase [7][26] - Delivery gross bookings accelerated quarter on quarter, with over a million active merchants, up 16% year on year [42][47] Market Data and Key Metrics Changes - The company is focusing on expanding into less dense areas, which have shown 1.5 times faster growth compared to more populated areas [38][39] - Latin America represents about a quarter of international gross bookings, with significant currency depreciation impacting top-line growth [66] Company Strategy and Development Direction - The company is investing aggressively in autonomous vehicle (AV) technology, viewing itself as a key partner for AV players [10][20] - The strategy includes expanding supply in less dense areas and enhancing product offerings to drive growth [35][41] - The company aims to balance top-line growth with bottom-line growth, maintaining a focus on premium products to fund lower-cost offerings [108][109] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued strong growth in Q1, despite foreign exchange headwinds, expecting gross bookings growth of 17% to 21% [9][61] - The company anticipates that the commercialization of AV technology will take longer than expected, but sees significant long-term opportunities [52][58] Other Important Information - The company announced a leadership change in the Investor Relations team, with Deepa Subramanian departing and Oji Krishnamurthy stepping in [112][113] Q&A Session Summary Question: Thoughts on investing in autonomous assets and core rides business profitability - Management is investing aggressively in autonomous assets and believes they are well-positioned for future growth [16][20][21] - The mobility profitability trends are expected to continue improving, with a focus on strong returns and growth potential [23][25] Question: Extending the network for rider growth and delivery user behavior - The company is focusing on less dense areas to drive growth and has observed higher growth rates in these regions [35][38] - User behavior in delivery is improving due to increased selection and merchant-funded offers [42][44] Question: AV market evolution and constant currency outlook - Management sees a significant opportunity in the AV market, expecting more players to emerge as technology develops [51][59] - The Q1 guidance reflects adjustments for external headwinds, with a focus on audience growth [61][63] Question: AV commercialization challenges and insurance costs - The company is optimistic about AV deployments in Phoenix and upcoming launches in Austin and Atlanta [75][77] - Insurance costs are expected to stabilize, with a projected high single-digit increase per trip in 2025 [78][80] Question: Business models with AVs and addressable market - There will be experimentation with various business models for AVs, with a focus on fleet partnerships [93][96] - The addressable market for AVs is expected to grow gradually, starting with 10-15% of the overall marketplace [99] Question: Pricing elasticity and future margins - Management believes pricing increases have been largely neutral and emphasizes a balanced approach to growth [107][109] - The company is confident in its ability to deliver on both top-line and bottom-line growth moving forward [109][110]

Uber Technologies, Inc UBER reported fiscal fourth-quarter 2024 revenue growth of 20% year-on-year to $11.96 billion, beating the analyst consensus of $11.77 billion.Uber reported adjusted EPS of 23 cents, which missed the analyst consensus of 50 cents. The stock plunged after the report.Also Read: Taiwan Semiconductor Plans Massive 1nm Fab 25 in Taiwan, Boosting Advanced Chipmaking CapacityRevenue from Mobility grew to $6.91 billion, up 25% year over year. Delivery was $3.77 billion, up 21%, and Freight wa ...

Uber Technologies (UBER) came out with quarterly earnings of $3.21 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.66 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 542%. A quarter ago, it was expected that this ride-hailing company would post earnings of $0.41 per share when it actually produced earnings of $1.20, delivering a surprise of 192.68%.Over the last four quarters ...

February 5, 2025 1 Non-GAAP Financial Measures Disclosure To supplement our financial information, which is prepared and presented in accordance with generally accepted accounting principles in the United States of America, or GAAP, we use the following non-GAAP financial measures: Adjusted EBITDA; Non-GAAP Costs and Operating Expenses; Trailing Twelve Months Adjusted EBITDA; Trailing Twelve Months Free Cash Flow; Free Cash Flow as well as revenue growth rates in constant currency. The presentation of this ...

Uber Technologies exceeded market projections in its latest earnings report, revealing robust growth despite ongoing challenges.Uber Technologies (UBER 3.66%), the global leader in ridesharing and innovative mobility solutions, unveiled its fiscal fourth-quarter results for 2024 on February 5, 2025. The company reported stellar financial outcomes, significantly eclipsing analysts' expectations. Uber's diluted earnings per share (EPS) reached $3.21, a monumental leap from the projected $0.50. This impressive ...

Uber Technologies (UBER) shares shares dropped in premarket trading Wednesday after the ridesharing giant reported fourth-quarter operating income well below analysts' estimates. Uber registered net income of $6.88 billion, or $3.21 per share, on revenue of $11.96 billion. Analysts had expected profit of $1.04 billion, or $0.48 per share, on revenue of $11.76 billion, according to Visible Alpha. The rideshare giant's profits were boosted by more than $6 billion from a "benefit from a tax valuation release, ...

Dara Khosrowshahi, CEO of Uber, speaking on CNBC's Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025.Uber shares fell around 7% in premarket trading Wednesday after the ride-sharing company reported fourth-quarter results that beat analysts' expectations for revenue but offered soft guidance.Here's how the company did:Earnings per share: $3.21. That does not compare with the 50 cents expected by LSEG.Revenue: $11.96 billion vs. $11.77 billion expected by LSEG.Uber's revenue ...

Financial Performance - Gross Bookings for Q4 2024 reached $44.2 billion, growing 18% year-over-year and 21% on a constant currency basis[4] - Adjusted EBITDA for Q4 2024 was $1.8 billion, representing a 44% increase year-over-year, with an adjusted EBITDA margin of 4.2%[4] - Net income attributable to Uber Technologies, Inc. for Q4 2024 was $6.9 billion, boosted by a $6.4 billion tax valuation release[4] - Free cash flow for Q4 2024 was $1.7 billion, a 122% increase compared to Q4 2023[5] - Revenue for Q4 2023 was $9.936 billion, an increase from $11.959 billion in Q4 2024, and total revenue for the year 2023 was $37.281 billion, projected to rise to $43.978 billion in 2024[34] - Net income attributable to Uber Technologies, Inc. for Q4 2023 was $1.429 billion, significantly increasing to $6.883 billion in Q4 2024, with annual net income rising from $1.887 billion in 2023 to $9.856 billion in 2024[34] - Operating cash flow for Q4 2023 was $823 million, expected to increase to $1.750 billion in Q4 2024, with total operating cash flow for 2023 at $3.585 billion projected to reach $7.137 billion in 2024[36] - Total costs and expenses for Q4 2023 were $9.284 billion, anticipated to rise to $11.189 billion in Q4 2024, with annual costs increasing from $36.171 billion in 2023 to $41.179 billion in 2024[34] User Engagement - Monthly Active Platform Consumers (MAPCs) increased to 171 million, up 14% from 150 million in Q4 2023[5] - Total trips in Q4 2024 grew 18% year-over-year to 3.1 billion, averaging approximately 33 million trips per day[4] - Total trips on the platform grew 18% year-over-year to 3.1 billion, with monthly trips per MAPC reaching an all-time high of 6.0[5] - Uber One membership base grew to 30 million, a 60% increase year-over-year, with plans launched in 6 new countries[5] Mobility and Delivery Performance - Mobility Gross Bookings for Q4 2024 were $22.8 billion, an 18% increase year-over-year, while Delivery Gross Bookings were $20.1 billion, also up 18% year-over-year[4] - Delivery Adjusted EBITDA increased 53% year-over-year to $727 million, with a margin of 3.6% of Gross Bookings[14] - Drivers and couriers earned an aggregate of $20.0 billion during the quarter, up 16% year-over-year, or 22% on a constant currency basis[5] Debt and Cash Management - The company redeemed $2.0 billion of outstanding debt in Q4 2024, ending the quarter with $7.0 billion in unrestricted cash and short-term investments[4] - The company had cash and cash equivalents of $7.004 billion at the end of Q4 2023, projected to increase to $8.610 billion by the end of Q4 2024[37] Asset and Liability Changes - Uber's total assets increased from $38.699 billion as of December 31, 2023, to $51.244 billion as of December 31, 2024[32] - Total liabilities rose from $26.017 billion to $28.768 billion during the same period[32] - The accumulated deficit decreased from $30.594 billion to $20.726 billion[32] Operational Efficiency - Adjusted EBITDA margin as a percentage of Gross Bookings is a key metric for assessing operational efficiency, although specific percentages were not provided[44] - Non-GAAP costs and operating expenses for Q4 2023 were $6,048 million, reflecting the company's focus on managing operational costs[62] Shareholder Returns - The company entered into an accelerated share repurchase agreement to repurchase $1.5 billion of Uber common stock as part of a $7.0 billion share repurchase authorization[20] Technology and Market Expansion - Uber launched a new capacity-as-a-service solution called Broker Access for freight brokers, enhancing load booking and execution[19] - The company expanded its Uber for Teens service to 26 new countries, now available in over 50 countries[5] Legal and Regulatory Factors - Legal, tax, and regulatory reserve changes and settlements are noted as significant factors affecting financial performance, with implications for future cash flow[55]

Dara Khosrowshahi, CEO of Uber, speaking on CNBC's Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025.Ride-hailing and food delivery app Uber is opening its "interest list" to users in Austin, Texas, who want to be first in line for Waymo robotaxis there.The company said in a statement that users will "be able to travel across 37 square miles of Austin — from Hyde Park, to Downtown, to Montopolis" — when the Uber-Waymo service launches soon.The so-called "interest list" allow ...