AI English summary of an SEC filing — figures as filed
Uber UBERUber said Gross Bookings for Q1 2024 grew 20% year over year to $37.7 billion (21% on a constant currency basis), and Trips grew 21% to 2.6 billion.
Key points
AI summaryUber said Gross Bookings for Q1 2024 grew 20% year over year to $37.7 billion (21% on a constant currency basis), and Trips grew 21% to 2.6 billion.
The company said Revenue for Q1 grew 15% year over year to $10.1 billion. It also said business model changes, which classified certain sales and marketing costs as contra revenue, lowered total Revenue growth by 8 percentage points.
Uber said Adjusted EBITDA for Q1 rose 82% year over year to $1.4 billion. It added that its net loss was $654 million, including a net unrealized loss of $721 million (pre-tax) from the revaluation of its equity investments.
The company said net cash provided by operating activities for Q1 was $1.4 billion and free cash flow was $1.4 billion. It also guided Gross Bookings for Q2 to $38.75 billion to $40.25 billion.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.
Q1 Gross Bookings $37.7 billion, Trips 2.6 billion
Uber said Gross Bookings for Q1 2024 grew 20% year over year to $37.7 billion (21% on a constant currency basis), and Trips grew 21% to 2.6 billion.
Source · Based on the filing body and exhibits
Q1 Revenue $10.1 billion and Business Model Change Impact
The company said Revenue for Q1 grew 15% year over year to $10.1 billion. It also said business model changes, which classified certain sales and marketing costs as contra revenue, lowered total Revenue growth by 8 percentage points.
Source · Based on the filing body and exhibits
Q1 Adjusted EBITDA $1.4 billion and Net Loss $654 million
Uber said Adjusted EBITDA for Q1 rose 82% year over year to $1.4 billion. It added that its net loss was $654 million, including a net unrealized loss of $721 million (pre-tax) from the revaluation of its equity investments.
Source · Based on the filing body and exhibits
Q1 Operating and Free Cash Flow and Q2 Outlook
The company said net cash provided by operating activities for Q1 was $1.4 billion and free cash flow was $1.4 billion. It also guided Gross Bookings for Q2 to $38.75 billion to $40.25 billion.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
Loading the filing text…