Uber said Gross Bookings for Q1 2024 were $37.7 billion, up 20% year over year (21% on a constant currency basis), and revenue was $10.1 billion, up 15% year over year.

1. 01

   Uber said Gross Bookings for Q1 2024 were $37.7 billion, up 20% year over year (21% on a constant currency basis), and revenue was $10.1 billion, up 15% year over year.

2. 02

   The company said net loss attributable to Uber Technologies, Inc. was $654 million, which included a pre-tax unrealized loss on debt and equity securities of $721 million, related to its Aurora $505 million, Grab $123 million and Didi $69 million investments.

3. 03

   Uber said Adjusted EBITDA for Q1 was $1.4 billion, improving $621 million from $761 million in the same period a year earlier. It attributed the improvement to increases in Mobility Adjusted EBITDA profit of $419 million and Delivery Adjusted EBITDA profit of $240 million, partly offset by a $40 million increase in Corporate G&A and Platform R&D costs.

4. 04

   The company said net cash provided by operating activities for the 3 months ended March 31, 2024 was $1.4 billion, and it ended the quarter with $5.8 billion in unrestricted cash, cash equivalents and short-term investments.

Key figures

Quarter ended March 31, 2024

Revenue

$10.1B

Operating income

$172M

Net income

−$654M

EPS

−$0.32

Operating cash flow

$1.4B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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

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