Categories AlphaGraphs, Earnings, Industrials
UBER Earnings: Uber Technologies Q4 profit jumps; revenue up 15%
Uber Technologies, Inc. (NYSE: UBER) on Wednesday reported a sharp increase in fourth-quarter profit. Revenues of the ride-sharing giant increased 15% during the three months.
In the fourth quarter of 2023, net income attributable to the company increased sharply to $1.43 billion or $0.66 per share from $595 million or $0.29 per share in the corresponding quarter last year.
There was a 15% increase in net revenues to $9.94 billion in the December quarter from $8.61 billion in the same period of 2022. At $37.58 billion, gross bookings were up 22% year-over-year.
“2023 was an inflection point for Uber, proving that we can continue to generate strong, profitable growth at scale. Our audiences are larger and more engaged than ever, with our platform powering an average of nearly 26 million daily trips last year,” said Dara Khosrowshahi, chief executive officer of Uber.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
KMI Earnings: A snapshot of Kinder Morgan’s Q1 2025 financial results
Kinder Morgan, Inc. (NYSE: KMI) on Wednesday announced financial results for the first quarter of 2025, reporting an increase in revenue. The energy infrastructure company's adjusted earnings were $0.34 per
Earnings Preview: What to expect when Boeing (BA) reports Q1 2025 results
The Boeing Company (NYSE: BA) ended the last fiscal year on a low note as it struggled to recover from the safety and quality-related setbacks from recent years. When the
What to look for when Hasbro (HAS) reports Q1 2025 earnings results
Shares of Hasbro, Inc. (NASDAQ: HAS) were down 1% on Wednesday. The stock has dropped 7% over the past three months. The toymaker is scheduled to report its earnings results
