Uber Q1 gross bookings $31.4B (+19% YoY), adj EBITDA $761M record; guides Q2 $33-34B bookings, $800-850M EBITDA

Uber Technologies, Inc

2023-Q1 EPS reported -$0.08 revenue$8,823,000,000

Gross Bookings $31.4B (+19% YoY); Trips 2.1B (+24%); MAPCs 130M (+13%).
Revenue $8.8B (+29% YoY); net loss $157M; Adjusted EBITDA $761M (up from $168M).
Mobility Adj EBITDA $1.06B (margin 7.1%); Delivery Adj EBITDA $288M (margin 1.9%); Freight loss $23M.
Record free cash flow $549M; operating cash flow $606M; refinanced $2.5B term loans to 2030 maturity.
Q2 outlook: Gross Bookings $33-34B, Adj EBITDA $800-850M. Sold Yandex stake for $702.5M; e& invests $400M in Careem.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Uber Technologies, Inc reported the quarter ended March 31, 2023 results: revenue $8.8 billion, net income Net loss attributable to Uber Technologies, Inc. was $157 million. Guidance reaffirmed.

Period: the quarter ended March 31, 2023
Revenue: $8.8 billion
Net income: Net loss attributable to Uber Technologies, Inc. was $157 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

(+8% YoY or +12% YoY constant currency). Trips during the quarter grew 24% YoY to 2.1 billion, or approximately 24 million trips per day on average. • Revenue grew 29% YoY to $8.8 billion, or 33% on a constant currency basis, with Revenue growth significantly outpacing Gross Bookings growth due to a change in the business model for our UK Mobility business. • Net

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Source: SEC EDGAR

accession 0001543151-23-000013

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