NYSE$UBER
Uber Technologies Inc. · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Uber's Q3 2023 performance showcased strong growth in trips and monthly active platform consumers, alongside profitability improvements and positive cash flow.
Uber Technologies, Inc. announced strong financial results for the third quarter of 2023, with a 25% increase in trips and a 15% increase in monthly active platform consumers year-over-year. The company reported a net income of $221 million and an income from operations of $394 million. Adjusted EBITDA reached an all-time high, and free cash flow was $905 million.
- Gross Bookings increased by 21% year-over-year to $35.3 billion.
- Revenue grew by 11% year-over-year to $9.3 billion.
- Income from operations was $394 million, a significant increase compared to the previous year.
- Free cash flow reached $905 million, including a $622 million cash outflow related to a VAT assessment payment.
Headline financials
Revenue & EPS history
Uber · Revenue · Quarterly
$9.29B
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 Q4 2023, Uber anticipates Gross Bookings of $36.5 billion to $37.5 billion and Adjusted EBITDA of $1.18 billion to $1.24 billion.
Tailwinds
- Gross Bookings are expected to be between $36.5 billion and $37.5 billion.
- Adjusted EBITDA is projected to be in the range of $1.18 billion to $1.24 billion.
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 Q3 2023
+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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