NYSE$UBER

Uber Technologies Inc. · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Uber's Q4 2023 results demonstrated strong and profitable growth, driven by increased platform engagement and disciplined investment.

Uber's Q4 2023 saw a 15% increase in revenue to $9.9 billion, a net income of $1.4 billion, and an adjusted EBITDA of $1.3 billion. Gross Bookings grew by 22% year-over-year to $37.6 billion. The company's platform saw increased engagement with 150 million monthly active platform consumers and 2.6 billion trips.

  • Gross Bookings increased by 22% year-over-year to $37.6 billion.
  • Revenue grew by 15% year-over-year to $9.9 billion.
  • Net income was $1.4 billion, including a $1.0 billion net tailwind from equity investment revaluations.
  • Adjusted EBITDA reached $1.3 billion, with a margin of 3.4% of Gross Bookings.

Headline financials

Total Revenue

$9.94B

Previous: $8.61B+15.4%
EPS (adj)

$0.66

Previous: -$0.08+925.0%
Capital Expenditures

-$55M

Previous: $59M-193.2%
Free Cash Flow

$768M

Previous: -$303M+353.5%
Net Income

$1.43B

Previous: $595M+140.2%
Operating Income

$652M

Previous: -$142M+559.2%
Gross Profit

$3.88B

Previous: $3.3B+17.5%
R&D Expense

$784M

No prior period
Stock-Based Comp

$469M

Previous: $482M-2.7%

Revenue & EPS history

Uber · Revenue · Quarterly

$9.94B

Q4 2023+15.4%vs Q4 2022
Beat estimate in 4 of 15 quarters(27%)
ActualEstimate

Revenue by segment

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

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

Forward guidance

For Q1 2024, Uber anticipates Gross Bookings of $37.0 billion to $38.5 billion and Adjusted EBITDA of $1.26 billion to $1.34 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 Q4 2023

Historical avgQ4 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

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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