Form 8-K · Current Report · Filed 2024-02-07
Uber Announces Strong Financial Results for Q4 2023
Uber Technologies, Inc. reported robust financial results for the fourth quarter of 2023, showing significant growth across key metrics. Gross Bookings increased by 22% year-over-year to $37.6 billion, with Mobility and Delivery segments contributing equally to this growth. Revenue grew 15% to $9.9 billion, and the company achieved a net income of $1.4 billion, driven by a record Adjusted EBITDA margin of 3.4%. The strong performance was also reflected in operational highlights, including an increase in Monthly Active Platform Consumers and Trips. Looking ahead, Uber anticipates continued growth with forecasted Gross Bookings and Adjusted EBITDA for Q1 2024.
- Filer
- Uber Technologies Inc. UBER · NYSE
- Filed
- Accession
- 0001543151-24-000008
- CIK
- 0001543151
- Signal
- High impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
Close before filing
$70.47
Next session
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Since filing
-0.2%
Latest close
$70.36
What happened, not what will happen — closing prices around the filing date.
Exhibits (1)
About Uber Technologies Inc.
Uber Technologies Inc. is a global ride-hailing and mobility platform offering consumption-based transport services to millions of users worldwide. Established in 2009, the company revolutionized urban transportation with its innovative app that connects riders with nearby drivers seamlessly, facilitating quicker, cashless, and more flexible journeys. Beyond ride-hailing, Uber Technologies Inc. has expanded its operations to include food delivery through Uber Eats, freight services connecting carriers and shippers, and self-driving car technology aimed at shaping the future of autonomous transport. Uber operates across multiple sectors, impacting automotive, logistics, food service, and technology realms, driving significant digital transformation and adoption in these industries. As a key player in the gig economy, Uber leverages a vast network of independent contractors and a resilient digital platform to maintain and grow its presence in diverse markets, emphasizing user convenience and technological integration in urban mobility solutions. Uber Technologies Inc.'s pivotal role in shared and autonomous transportation underscores its importance in modern market ecosystems, continuously innovating and influencing how we think about getting from point A to point B.
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