Uber Shares Fell Around 7% in Premarket Trading Wednsday after the Ride-Shaking Company Reported Fourth -Quarter Results That beat analysts’ expectations for revionue but offered soft guidance.
Here’s how the company did:
- Earnings per share: $ 3.21. That does not compare with the 50 cents expected by lseg.
- Revenue: $ 11.96 billion vs. $ 11.77 billion expected by lseg.
Uber’s Revenue Grew 20% in Its Fourth Quarter from $ 9.9 Billion A Year Prior,
The company is reported a net income of $ 6.9 billion, or $ 3.21 per share, up from $ 1.4 billion billion, or 66 cents per share, in the same period last year. Uber said its net income incoludes a $ 6.4 billion benefit from a tax Valuation release, as well as a $ 556 million pre-tax benefit thanks to Gains to Gains from Revolutions of our.
The company reported $ 44.2 billion in gross bookings for the period, which was about the $ 43.49 billion expected by analysts, according to streetaccount. Uber said adjusted ebitda for its fourth quarter was $ 1.84 billion, up 44% year over year and in line with the $ 1.84 billion expected by analysts polled by streetaccount.
For its first Quarter, Uber said it expects Gross Bookings Between $ 42 Billion to $ 43.5 Billion, Compared with Streetaccount Estimates of $ 43.51 billion. Uber anticipates adjusted ebitda of $ 1.79 billion to $ 1.89 billion, compared with the $ 1.85 billion expected by analysts.
“Our performance has been powered by rapid innovation and execution across multiple priorities, including the massive opportunity presented by autonomous vehicles,” Uber CEO Dara Khosrowshahi said in a release. “We enter 2025 with clear Momentum and will continue to be relatively on
Uber on Wednsday announced It is gearing up for the public launch of robotaxi rides in Austin, Texas Through Its Partnership With Alphabet’s Waymo.
Starting Wednsday, customers in the city can open the uber app and join the “Interest List” To increase their chances of being paired with a waymo at launch, the company said. Uber and Waymo first announced Their plans to brings the robotaxis to Austin in September.
There were 3.1 billion tripleted on the platform during uber’s fourth Quarter, Up 18% Year Over Year. The number of uber’s monthly active platforms reacted 171 million in its fourth Quarter, Up 14% Year Over Year from 150 Million.
Here’s How Uber’s Larget Business Segments Performed:
Mobility (Gross Bookings): $ 22.8 billion, up 18% year over year
Delivery (Gross Bookings): $ 20.1 billion, up 18% year over year
Uber’s Mobility Segment Reported $ 6.91 Billion in Revenue, Up 25% From A Year Earlier. Streetaccount analysts was expecting $ 6.77 billion. The company’s delivery segment reported $ 3.77 billion in revelation, up 21% from the year Prior. Analysts was expecting $ 3.66 billion, according to streetaccount.
The company’s freight business reported $ 1.28 billion in revealed for the Quarter, in line with the $ 1.28 billion it reported during the same period last year. Streetaccount analysts was expecting $ 1.31 billion. Khosrowshahi has reepeatedly Pointed to freight as a challenging segment for uber since consumers
Uber will hold its Quarterly Call with Investors at 8 AM ET.
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