Uber Technologies, Inc. reported its financial results for the first quarter of 2024 on May 8, 2024. The company saw a 21% year-over-year increase in trips and a 15% and 6% growth in Monthly Active Platform Consumers (MAPCs) and monthly trips per MAPC, respectively. Gross Bookings rose by 20% year-over-year to $37.7 billion, with Mobility Gross Bookings at $18.7 billion and Delivery Gross Bookings at $17.7 billion. Revenue increased by 15% to $10.1 billion, while income from operations reached $172 million, a significant improvement from the previous year. The net loss for Uber was $654 million, largely due to a $721 million net unrealized loss from the revaluation of equity investments. Adjusted EBITDA was a highlight, growing 82% year-over-year to $1.4 billion, and free cash flow matched this figure. Looking ahead to Q2 2024, Uber anticipates Gross Bookings between $38.75 billion and $40.25 billion and Adjusted EBITDA of $1.45 billion to $1.53 billion.

Uber Technologies, Inc. reported its financial results for the first quarter of 2024 on May 8, 2024. The company saw a 21% year-over-year increase in trips and a 15% and 6% growth in Monthly Active Platform Consumers (MAPCs) and monthly trips per MAPC, respectively. Gross Bookings rose by 20% year-over-year to $37.7 billion, with Mobility Gross Bookings at $18.7 billion and Delivery Gross Bookings at $17.7 billion. Revenue increased by 15% to $10.1 billion, while income from operations reached $172 million, a significant improvement from the previous year. The net loss for Uber was $654 million, largely due to a $721 million net unrealized loss from the revaluation of equity investments. Adjusted EBITDA was a highlight, growing 82% year-over-year to $1.4 billion, and free cash flow matched this figure. Looking ahead to Q2 2024, Uber anticipates Gross Bookings between $38.75 billion and $40.25 billion and Adjusted EBITDA of $1.45 billion to $1.53 billion.