NYSE$UBER

Uber Technologies Inc. · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Uber's Q2 2022 results were announced, with Gross Bookings reaching an all-time high and the company achieving free cash flow generation.

Uber's Q2 2022 saw significant growth in Gross Bookings, reaching a record $29.1 billion, and the company achieved profitability commitments faster than planned. Revenue grew substantially, driven by changes in the UK Mobility business and the acquisition of Transplace. The company generated positive free cash flow, marking a new phase of self-funding future growth.

  • Gross Bookings grew 33% year-over-year to $29.1 billion, with Mobility and Delivery contributing significantly.
  • Revenue increased 105% year-over-year to $8.1 billion, driven by business model changes and acquisitions.
  • Uber generated $382 million in free cash flow, marking a significant milestone.
  • Adjusted EBITDA reached $364 million, up $873 million year-over-year, demonstrating improved profitability.

Headline financials

Total Revenue

$8.07B

Previous: $3.93B+105.5%
EPS (adj)

-$0.47

Previous: -$0.38-23.7%
MAPCs

122.0M

Previous: 101.0M+20.8%
Trips

1.9B

Previous: 1.5B+23.9%
Capital Expenditures

-$119M

Previous: -$128M+7.0%
Free Cash Flow

-$2.72B

Previous: $1.02B-367.7%
Net Income

-$2.6B

Previous: $1.14B-327.4%
Operating Income

-$713M

Previous: -$1.19B+40.0%
Gross Profit

$2.92B

Previous: $1.83B+59.6%
Cash & Equivalents

$4.4B

Previous: $4.44B-1.0%
Total Assets

$31B

Previous: $36.3B-14.4%
Stock-Based Comp

$470M

Previous: $272M+72.8%

Revenue & EPS history

Uber · Revenue · Quarterly

$8.07B

Q2 2022+105.5%vs Q2 2021
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Uber · $3.49B total across 3 segments · Q1 2020

  • Mobility
    $2.47B
  • Delivery
    $819M
  • Freight
    $199M

Forward guidance

For Q3 2022, Uber anticipates Gross Bookings between $29.0 billion and $30.0 billion, and Adjusted EBITDA between $440 million and $470 million.

Tailwinds

  • Gross Bookings are expected to be between $29.0 billion and $30.0 billion.
  • Adjusted EBITDA is projected to be between $440 million and $470 million.

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 Q2 2022

Historical avgQ2 2022

+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
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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