Uber Q3 net income $221M, record Adj. EBITDA $1.09B; CFO transition to Mahendra-Rajah

Uber Technologies, Inc

2023-Q3 EPS reported $0.20 revenue$27,345,000,000

Net income of $221M (incl. $96M unrealized loss on investments); revenue $9.29B up 11% YoY.
Trips +25% YoY to 2.44B; MAPCs +15% to 142M; Gross Bookings $35.3B +21% YoY.
Adjusted EBITDA $1.09B (record) vs $516M YoY; free cash flow $905M.
CFO change: Prashanth Mahendra-Rajah becomes CFO effective Nov 8, 2023, succeeding Nelson Chai who stays until Jan 5, 2024.
Q4 guidance: Gross Bookings $36.5-37.5B, Adj. EBITDA $1.18-1.24B.

item 2.02 item 5.02 item 9.01

Executive movements

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Appointed

Prashanth Mahendra-Rajah

Chief Financial Officer

UBER · Uber Technologies, Inc

Effective: 2023-11-08
Filed: November 7, 2023, 6:59 PM ET

Mr. Mahendra-Rajah will transition to Chief Financial Officer (“CFO”) of the Company, effective on November 8, 2023 (the “Effective Date”).

Departed

Nelson Chai

Chief Financial Officer

UBER · Uber Technologies, Inc

Effective: 2023-11-08
Successor: Prashanth Mahendra-Rajah
Filed: November 7, 2023, 6:59 PM ET

Nelson Chai will cease serving as CFO as of the Effective Date, and will remain with the Company through January 5, 2024 to assist with the transition of his duties.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Uber Technologies, Inc reported the third quarter ended September 30, 2023 results: revenue $9.3 billion, net income $221 million. Guidance reaffirmed.

Period: the third quarter ended September 30, 2023
Revenue: $9.3 billion
Net income: $221 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

(+18% YoY or +16% YoY constant currency). Trips during the quarter grew 25% YoY to 2.4 billion, or approximately 27 million trips per day on average. • Revenue grew 11% YoY to $9.3 billion, or 10% on a constant currency basis. Combined Mobility and Delivery revenue grew 21% YoY to $8.0 billion, or 20% on a constant currency basis. • Income from operations was $394

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Prashanth Mahendra-Rajah was appointed as Chief Financial Officer at Uber Technologies, Inc.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

Mr. Mahendra-Rajah will transition to Chief Financial Officer (“CFO”) of the Company, effective on November 8, 2023 (the “Effective Date”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Nelson Chai departed as Chief Financial Officer at Uber Technologies, Inc.

Action: ceased serving
Role: Chief Financial Officer

Exact text from the filing

Nelson Chai will cease serving as CFO as of the Effective Date, and will remain with the Company through January 5, 2024 to assist with the transition of his duties.

View on SEC.gov

20 earnings releases filed in the last 30 days. Browse all earnings releases →

Uber Technologies, Inc filing history →

Source: SEC EDGAR

accession 0001543151-23-000036

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