Uber Technologies, Inc. announced that 2023 was a standout year, achieving record profits and reaching full-year GAAP operating profitability for the first time. The company's Gross Bookings grew by 20% to $137.9 billion, and net income reached $1.9 billion, including a $1.6 billion net benefit from equity investments revaluations. Adjusted EBITDA was reported at $4.1 billion, a 137% increase year-over-year. Uber's Mobility business saw Gross Bookings increase by 32%, while the Delivery business grew by 15%. The company also made regulatory progress, affirming Driver independence in the U.S. through legislation in three states and signing collective bargaining agreements in France. Uber's Board authorized a $7 billion repurchase of common stock, reflecting confidence in the company's financial momentum. The announcement also highlighted the...Show More

Uber Technologies, Inc. announced that 2023 was a standout year, achieving record profits and reaching full-year GAAP operating profitability for the first time. The company's Gross Bookings grew by 20% to $137.9 billion, and net income reached $1.9 billion, including a $1.6 billion net benefit from equity investments revaluations. Adjusted EBITDA was reported at $4.1 billion, a 137% increase year-over-year. Uber's Mobility business saw Gross Bookings increase by 32%, while the Delivery business grew by 15%. The company also made regulatory progress, affirming Driver independence in the U.S. through legislation in three states and signing collective bargaining agreements in France. Uber's Board authorized a $7 billion repurchase of common stock, reflecting confidence in the company's financial momentum. The announcement also highlighted the company's commitment to ESG goals, including a Civil Rights Assessment and the approval of science-based emissions targets by the SBTi. The 2024 Annual Meeting of Stockholders is scheduled for May 6, 2024, where stockholders will vote on various proposals, including the election of directors, executive compensation, and the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2024.