NYSE$UBER
Uber Technologies Inc. · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Uber's revenue grew 14% year-over-year, but the company experienced a net loss of $2.9 billion due to the impact of COVID-19 and impairment write-downs.
Uber's Q1 2020 results were impacted by the COVID-19 pandemic. While revenue increased by 14% year-over-year to $3.5 billion, the company reported a net loss of $2.9 billion, which includes significant impairment write-downs. The Rides business was heavily affected, but Uber Eats saw a surge in demand. The company has taken measures to strengthen its balance sheet and focus on Uber Eats.
- Revenue reached $3.5 billion, a 14% increase year-over-year, or 16% on a constant currency basis.
- Gross Bookings grew to $15.8 billion, up 8% year-over-year, or 10% on a constant currency basis.
- Net loss attributable to Uber Technologies, Inc. was $2.9 billion, including $277 million in stock-based compensation expense and pre-tax impairment write-downs of $2.1 billion.
- Rides Adjusted EBITDA was $581 million, while Eats Adjusted EBITDA was $(313) million.
Headline financials
Revenue & EPS history
Uber · Revenue · Quarterly
$3.54B
Revenue by segment
Uber · $3.49B total across 3 segments · Q1 2020
- Mobility$2.47B—70.8%
- Delivery$819M—23.5%
- Freight$199M—5.7%
Forward guidance
Uber's management expects that the Rides recovery will vary by city and country and they are proactively taking actions to emerge stronger and more focused as a company.
Tailwinds
- Ample liquidity provides substantial flexibility to navigate the current crisis.
- Taking actions to emerge stronger and more focused as a company.
- Exited eight unprofitable Eats markets.
- Significantly reduced the size of customer support and recruiting teams.
- Merged JUMP unit into Lime.
Headwinds
- Rides business has been hit hard by the ongoing pandemic.
- Lower trip volumes.
- Current hiring freeze.
- Net loss attributable to Uber Technologies, Inc. of $2.9 billion.
- Impairment write-down of $1.9 billion, primarily related to investment in Didi and the credit loss allowance recorded on investment in Grab.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
+0.8%
Avg return
Earnings day
+0.3%
Avg return
5 days after
+0.0%
Avg return
30 days after
50%
17 / 34 earnings
Positive
+22.7%
Q2 2022
Best reaction
-13.9%
Q2 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.1% | +4.3% | -2.9% | |
| Q4 2025 | -7.2% | -5.2% | -3.6% | |
| Q3 2025 | -6.3% | -7.8% | -8.8% | |
| Q2 2025 | -0.2% | +1.3% | +1.8% | |
| Q1 2025 | -1.8% | +2.6% | -0.3% | |
| Q4 2024 | -7.6% | +12.7% | +9.3% | |
| Q3 2024 | -7.8% | -6.6% | -9.4% | |
| Q2 2024 | +12.1% | +17.2% | +21.8% | |
| Q1 2024 | -3.5% | -6.3% | -1.6% | |
| Q4 2023 | +1.6% | -1.9% | +11.7% | |
| Q3 2023 | +2.8% | +7.1% | +26.7% | |
| Q2 2023 | -5.1% | -8.6% | -4.5% | |
| Q1 2023 | +15.6% | +15.3% | +17.5% | |
| Q4 2022 | +2.8% | -4.2% | -10.9% | |
| Q3 2022 | +8.4% | +6.8% | +6.7% | |
| Q2 2022 | +22.7% | +30.1% | +17.6% | |
| Q1 2022 | -9.0% | -21.8% | -18.1% | |
| Q4 2021 | -1.5% | -9.8% | -19.8% | |
| Q3 2021 | +3.2% | -0.5% | -21.6% | |
| Q2 2021 | +0.7% | +1.1% | -5.8% | |
| Q1 2021 | -12.0% | -13.6% | -5.3% | |
| Q4 2020 | +1.8% | +1.7% | +1.2% | |
| Q3 2020 | +9.5% | +14.7% | +33.8% | |
| Q2 2020 | -0.9% | -6.0% | +0.1% | |
| Q1 2020 | +17.9% | +16.5% | +33.8% | |
| Q4 2017 | -2.5% | -6.5% | -24.9% | |
| Q4 2019 | +10.4% | +12.1% | -13.9% | |
| Q3 2018 | -13.3% | -13.1% | -7.8% | |
| Q3 2019 | -10.7% | -13.9% | -7.4% | |
| Q2 2018 | -13.9% | -21.0% | -25.9% | |
| Q2 2019 | +0.9% | -8.2% | -19.7% | |
| Q4 2018 | +9.1% | +7.1% | +7.2% | |
| Q1 2018 | +9.1% | +7.1% | +7.2% | |
| Q1 2019 | +1.2% | +7.0% | +16.1% | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — |
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