NYSE$UBER
Uber Technologies Inc. · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Announced results for the third quarter of 2024, demonstrating profitable growth and strategic investments.
Uber reported a strong Q3 2024 with significant growth in Gross Bookings and Revenue. The company achieved its first $1 billion in GAAP operating income, driven by increases in both Mobility and Delivery segments. Uber is focused on returning capital to shareholders and investing in future growth opportunities.
- Gross Bookings increased by 16% year-over-year to $41.0 billion, or 20% on a constant currency basis.
- Revenue grew by 20% year-over-year to $11.2 billion, or 22% on a constant currency basis.
- Income from operations was $1.1 billion, up $667 million year-over-year.
- Net income attributable to Uber Technologies, Inc. was $2.6 billion, including a $1.7 billion benefit from net unrealized gains related to the revaluation of Uber’s equity investments.
Headline financials
Revenue & EPS history
Uber · Revenue · Quarterly
$11.2B
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 2024, Uber anticipates Gross Bookings between $42.75 billion and $44.25 billion, representing 16% to 20% year-over-year growth on a constant currency basis. Adjusted EBITDA is expected to be between $1.78 billion and $1.88 billion, a 39% to 47% year-over-year increase.
Tailwinds
- Gross Bookings of $42.75 billion to $44.25 billion, which represents 16% to 20% YoY growth on a constant currency basis.
- Trips YoY growth to be similar compared to Q3 2024.
- Adjusted EBITDA of $1.78 billion to $1.88 billion, which represents 39% to 47% YoY growth.
Headwinds
- Our outlook assumes a roughly 2 percentage point currency headwind to total reported YoY growth.
- Outlook includes a roughly 5 percentage point currency headwind to Mobility’s reported YoY growth.
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 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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