Categories AlphaGraphs, Earnings, Industrials, LATEST

UBER Earnings: Uber Q1 loss widens despite strong revenue growth

Uber Technologies, Inc. (NYSE: UBER) on Wednesday reported a wider net loss for the March quarter when the ride-hailing company’s revenues more than doubled aided by strong booking growth.

Uber Q1 2022 earnings infographic

Net loss for the first quarter of 2022 was $5.93 billion or $3.04 per share, compared to a loss of $108 million or $0.06 per share in the corresponding period of last year. The bottom line was impacted by losses related to the company’s equity investments.

However, net revenues rose sharply to $6.85 billion in the most recent quarter from $2.90 billion in the corresponding period of 2021, with all the main operating segments registering strong growth. At $26.4 billion, gross bookings were up 35% year-over-year.


Check this space to read management/analysts’ comments on Uber’s Q1 2022 earnings


“In April, Mobility Gross Bookings exceeded 2019 levels across all regions and use cases. There’s never been a more exciting time to innovate at Uber and we’re focused on executing our strategy to grow our platform profitably,” said Dara Khosrowshahi, chief executive officer of Uber.

Prior Performance

  • Uber Q4 2021 earnings infographic
  • Uber Q3 2021 earnings infographic
  • Uber Q1 2021 earnings

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

CVX Earnings: Chevron reports lower revenue and profit for Q3 2024

Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to

Key highlights from Exxon Mobil Corporation’s (XOM) Q3 2024 earnings results

Exxon Mobil Corporation (NYSE: XOM) reported its third quarter 2024 earnings results today. Total revenues and other income remained relatively flat at $90 billion compared to the same period a

AAPL Earnings: Apple Q4 2024 sales rise 6% YoY, beat estimates

Apple Inc. (NASDAQ: AAPL) reported an increase in revenues for the fourth quarter of 2024. The top line came in above estimates. The gadget giant generated revenues of $94.9 billion

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top