NYSE$UBER
Uber Technologies Inc. · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Uber's growth engine continued to deliver trip growth and record profitability, with drivers and couriers earning a new all-time high.
Uber's Q2 2024 results showed strong growth in Gross Bookings and Revenue, driven by increases in both Mobility and Delivery segments. The company achieved record profitability with a significant increase in Adjusted EBITDA. Uber started share repurchases during the quarter.
- Gross Bookings grew by 19% year-over-year to $40.0 billion.
- Revenue increased by 16% year-over-year to $10.7 billion.
- Income from operations was $796 million, up $470 million year-over-year.
- Adjusted EBITDA reached $1.6 billion, a 71% increase year-over-year.
Headline financials
Revenue & EPS history
Uber · Revenue · Quarterly
$10.7B
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
For Q3 2024, Uber anticipates Gross Bookings of $40.25 billion to $41.75 billion, representing 18% to 23% YoY growth on a constant currency basis, and Adjusted EBITDA of $1.58 billion to $1.68 billion, representing 45% to 54% YoY growth.
Tailwinds
- Gross Bookings are expected to grow 18% to 23% year-over-year on a constant currency basis.
- Adjusted EBITDA is projected to increase by 45% to 54% year-over-year.
- Continued focus on growth and profitability.
- Expansion of services and partnerships.
- Innovation in maps and advertising.
Headwinds
- Currency headwinds are expected to negatively impact total reported YoY growth by roughly 4 percentage points.
- Mobility's reported YoY growth is expected to be negatively impacted by roughly 7 percentage points due to currency headwinds.
- Strengthening of the US dollar versus other currencies represents an over $400 million expected headwind to Q3 Gross Bookings.
- Challenging freight market cycle impacting revenue per load.
- Business model changes impacting revenue and revenue margin.
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 2024
+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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