earnings
confidence high
sentiment neutral
materiality 0.80
Uber Q1 net loss $5.9B on $5.6B equity investment markdown; adj EBITDA $168M
Uber Technologies, Inc
2022-Q1 EPS reported
-$3.04
revenue$6,854,000,000
- Gross Bookings $26.4B (+35% YoY); Mobility $10.7B (+58% YoY), Delivery $13.9B (+12% YoY).
- Net loss $5.9B includes $5.6B pre-tax unrealized loss from Grab, Aurora, Didi stakes; adj EBITDA $168M.
- Mobility adj EBITDA $618M (5.8% margin, all-time high); Delivery adj EBITDA $30M; Freight adj EBITDA $2M (first profitable).
- Q2 guidance: Gross Bookings $28.5B-$29.5B; adj EBITDA $240M-$270M.
- Free cash flow outflow $47M, improving $635M YoY; expects positive free cash flow for FY2022.