9 months ago
74 Uber CEO Dara Khosrowshahi addresses the assemblage during the keynote astatine the commencement an Uber products motorboat successful San Francisco, California connected September 26, 2019.
Philip Pacheco | Afp | Getty Images
Shares of Uber rose 4% successful premarket trading Tuesday aft the institution reported second-quarter results that missed analysts' expectations for gross but offered rosy guidance.
Here's however the institution did:
Earnings per share: 18 cents vs. 1 cent nonaccomplishment expected by analysts, according to Refinitiv.Revenue: $9.23 cardinal vs. $9.33 cardinal expected by analysts, according to Refinitiv.Revenue for the 4th was up 14% from the aforesaid 4th past year.
Uber reported a nett income of $394 million, oregon 18 cents per share, compared to a net nonaccomplishment of $2.6 billion, oregon $1.33 per share, successful the aforesaid 4th last year.
CEO Dara Khosrowshahi said during the quarterly telephone with investors Tuesday that CFO Nelson Chai volition depart the institution successful January 2024.
In a prepared statement, Khosrowshahi said the institution achieved 2 large milestones during the quarter: its archetypal 4th of escaped currency travel implicit $1 cardinal and its archetypal GAAP operating profit.
"Both of these milestones were achieved done a operation of disciplined execution, grounds assemblage and beardown engagement," Khosrowshahi said.
The institution reported adjusted EBITDA of $916 million, up 152% twelvemonth implicit year. Gross bookings for the 4th came successful astatine $33.6 billion, up 16% twelvemonth implicit year.
For the 3rd 4th of 2023, Uber said it expects to study gross bookings betwixt $34 cardinal to $35 cardinal and an adjusted EBITDA of $975 cardinal to $1.025 billion, some up of analysts' expectations, according to StreetAccount.
Here's however Uber's largest concern segments performed:
Mobility (gross bookings): $16.73 billion, up 25% year-over-year
Delivery (gross bookings): $15.60 billion, up 12% year-over-year
Uber's mobility conception reported $4.89 cardinal successful revenue, compared with delivery's $3.06 billion. Its freight concern booked $1.28 cardinal successful income for the quarter, down from the $1.83 cardinal it reported for the aforesaid quarter last year.
The fig of Uber's monthly progressive level consumers reached 137 cardinal successful the 2nd quarter, up 12% twelvemonth implicit year. There were 2.3 cardinal trips completed connected the level during the period, up 22% twelvemonth implicit year.
Uber volition clasp its quarterly telephone with investors astatine 8:00 a.m. ET Tuesday.
