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Gross Bookings

All articles tagged with #gross bookings

business22 days ago•3 min saved

Uber Gains After Q1 Beat, Bookings Jump as Robo-Taxi Push Looms

Uber beat expectations with Q1 adjusted earnings of 72 cents per share (vs. 69 cents expected) on revenue of $13.2 billion, which rose 10% in constant currency but fell short of a $13.3 billion estimate. Gross bookings jumped 21% to $53.7 billion, driven by 20% ride-hailing growth and 23% delivery growth. For Q2, Uber guided to 78–82 cents in adjusted EPS and gross bookings of $56.25–$57.75 billion. The stock rose about 7.8% after the report as investors weigh Uber’s solid core growth against its longer-term AV and robo-taxi bets, including partnerships with Rivian and Zoox, and expansion plans to 15 markets by 2026.

via Barron's|

#business #earnings #gross-bookings

business22 days ago•3 min saved

Uber Q1: Bookings Beat as AI and AV Bets Shape Long-Term Growth

Uber posted a 14% Q1 revenue increase to $13.2B, missing analysts’ top-line and non-GAAP EPS expectations, but gross bookings surged 25% to $53.7B and Q2 bookings guidance of $56.25B–$57.75B topped forecasts. Net income was pressured by a $1.5B pre-tax hit from revaluing equity stakes in Didi and Grab, leaving reported net income at $263M (vs. $1.78B a year ago) and non-GAAP EPS at 72c. Delivery revenue jumped 34% to $5.07B, outpacing estimates, while mobility revenue rose 5% to $6.8B and missed StreetAccount’s forecast. Uber maintains a bold AV strategy with partnerships (Waabi, Wayve, Rivian, Nuro, and Waymo) and aims for Waymo services in 15 cities by 2026, while expanding AI usage across engineering (95% of engineers using AI tools; >10% of code generated by AI). The company also noted healthier consumer spending and driver support measures amid higher fuel prices, with shares rallying about 8%.

via CNBC|

#ai #autonomous-vehicles #business

business2 years ago•4 min saved

Uber's Strong Earnings Signal Robust Demand for Rides and Delivery

Uber reported strong gross bookings of $37.6 billion in the fourth quarter, surpassing analyst estimates, driven by robust demand for rides and food delivery. The company's improved profitability and increased cash flow have allowed it to consider returning capital to shareholders. Despite the positive results, Uber's stock slid as investor expectations were high, and the company continues to face challenges in its freight business.

via Yahoo Finance|

#business #delivery #financial-performance

business3 years ago•1 min saved

Uber's Q1 Revenue Beats Expectations and Initiates Positive Q2 Outlook.

Uber's Q1 earnings beat estimates with a GAAP EPS of -$0.08 and revenue of $8.8B, up 27.5% YoY. Gross bookings grew 19% YoY, while adjusted EBITDA was $761M, up $593M YoY. The company's adjusted EBITDA margin as a percentage of gross bookings was 2.4%, up from 0.6% in Q1 2022. Uber's Q2 2023 outlook anticipates gross bookings of $33.0B to $34.0B and adjusted EBITDA of $800M to $850M.

via Seeking Alpha|

#adjusted-ebitda #business #gross-bookings