Uber Q1 revenue $10.1B, adj. EBITDA $1.38B (up 82% YoY); Q2 gross bookings guide $38.75-$40.25B

Uber Technologies, Inc

2024-Q1 EPS reported -$0.32 revenue$10,131,000,000

Q1 revenue $10.1B (+15% YoY); operating income $172M vs -$262M YoY.
Adjusted EBITDA record $1.38B (+82% YoY); free cash flow $1.4B, trailing twelve months $4.2B.
Gross Bookings $37.7B (+20% YoY); Mobility $18.7B (+25%), Delivery $17.7B (+18%), Freight $1.3B (-8%).
Q2 guidance: Gross Bookings $38.75-$40.25B; Adj. EBITDA $1.45-$1.53B (58-67% YoY growth).
Net loss $654M includes $721M unrealized loss on equity investments (non-cash); operating cash flow $1.4B.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Uber Technologies, Inc reported first quarter ended March 31, 2024 results: revenue $10.1 billion, net income Net loss attributable to Uber Technologies, Inc. was $654 million, which includes a $721 million net headwind (pre-tax). Guidance reaffirmed.

Period: first quarter ended March 31, 2024
Revenue: $10.1 billion
Net income: Net loss attributable to Uber Technologies, Inc. was $654 million, which includes a $721 million net headwind (pre-tax)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

(+18% YoY or +17% YoY constant currency). Trips during the quarter grew 21% YoY to 2.6 billion, or approximately 28 million trips per day on average. • Revenue grew 15% YoY to $10.1 billion, or 15% on a constant currency basis. Combined Mobility and Delivery revenue grew 19% YoY to $8.8 billion, or 19% on a constant currency basis. Business model changes negatively

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Source: SEC EDGAR

accession 0001543151-24-000017

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