NYSE$UBER

Uber Technologies Inc. · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Uber's performance was impacted by the COVID-19 pandemic, with revenue declining, but delivery services showed strong growth. The company focused on cost management and safety measures.

Uber's Q2 2020 results reflect the impact of the COVID-19 pandemic, with a decline in overall revenue and gross bookings. However, the Delivery segment experienced significant growth. The company took measures to reduce costs and improve safety.

  • Gross Bookings decreased by 35% year-over-year, with Mobility declining significantly but Delivery growing substantially.
  • Revenue decreased by 29% year-over-year, with Mobility declining and Delivery growing.
  • Net loss attributable to Uber Technologies, Inc. was $1.8 billion, including stock-based compensation and restructuring charges.
  • Uber is focused on safety technologies and has expanded its delivery verticals.

Headline financials

Total Revenue

$2.24B

Previous: $3.17B-29.2%
EPS (adj)

-$1.02

Previous: -$4.03+74.7%
MAPCs

55.0M

Previous: 99.0M-44.4%
Trips

737.0M

Previous: 1.7B-56.1%
Capital Expenditures

-$362M

Previous: -$277M-30.7%
Free Cash Flow

-$2.14B

Previous: -$5.51B+61.2%
Net Income

-$1.78B

Previous: -$5.24B+66.1%
Operating Income

-$1.61B

Previous: -$5.49B+70.7%
Gross Profit

$989M

Previous: $1.43B-30.6%
Cash & Equivalents

$6.75B

Previous: $11.7B-42.5%
Total Assets

$28.2B

Previous: $31B-8.8%
Stock-Based Comp

$131M

Previous: $3.94B-96.7%

Revenue & EPS history

Uber · Revenue · Quarterly

$2.24B

Q2 2020-29.2%vs Q2 2019
Beat estimate in 3 of 9 quarters(33%)
ActualEstimate

Revenue by segment

Uber · $14.2B total across 3 segments · Q2 2026

  • Mobility
    $7.36B—
  • Delivery
    $5.25B—
  • Freight
    $1.58B—

Forward guidance

Uber anticipates continued recovery and growth in the coming periods, driven by increased demand for both Mobility and Delivery services, as well as ongoing cost management efforts.

Tailwinds

  • Expected recovery in Mobility as travel restrictions ease.
  • Continued growth in Delivery segment.
  • Benefits from cost-cutting measures.
  • Potential synergies from acquisitions like Postmates and Cornershop.
  • Focus on innovation and safety technologies to attract users.

Headwinds

  • Uncertainty surrounding the ongoing COVID-19 pandemic.
  • Potential for new regulations impacting the gig economy.
  • Increased competition in both Mobility and Delivery segments.
  • Risk of economic downturn affecting consumer spending.
  • Challenges in managing relationships with drivers and delivery personnel.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 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

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026———
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———

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro