NYSE$UBER

Uber Technologies Inc. · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Uber reported a strong fourth quarter in 2024, with significant growth in key metrics such as gross bookings, revenue, and trips. The company achieved an operating income of $770 million and a net income of $6.9 billion, bolstered by a substantial tax valuation release and gains from equity investments.

Headline financials

Total Revenue

$12B

Previous: $9.94B+20.4%
EPS (adj)

$0.23

Previous: $0.66-65.2%
Capital Expenditures

-$44M

Previous: -$55M+20.0%
Net Income

$6.88B

Previous: $1.43B+381.7%
Operating Income

$770M

Previous: $652M+18.1%
Gross Profit

$4.73B

Previous: $3.88B+21.8%
R&D Expense

$785M

Previous: $784M+0.1%

Revenue & EPS history

Uber · Revenue · Quarterly

$12B

Q4 2024+20.4%vs Q4 2023
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

Uber anticipates continued growth in Q1 2025, projecting gross bookings between $42.0 billion and $43.5 billion, accounting for a 5.5 percentage point currency headwind. Adjusted EBITDA is expected to range from $1.79 billion to $1.89 billion, representing 30% to 37% year-over-year growth.

Tailwinds

  • Projected gross bookings growth of 17% to 21% year-over-year on a constant currency basis
  • Anticipated adjusted EBITDA growth of 30% to 37% year-over-year
  • Continued strong demand in both Mobility and Delivery segments
  • Strategic focus on autonomous vehicle opportunities
  • Active and opportunistic stock repurchase plans

Headwinds

  • Expected 5.5 percentage point currency headwind impacting reported gross bookings
  • Potential challenges in maintaining rapid growth rates amid market saturation
  • Ongoing competition in ride-hailing and delivery sectors
  • Regulatory uncertainties in various markets
  • Pressure to sustain profitability while investing in new technologies

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 2024

Historical avgQ4 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

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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