Uber said Q2 2024 Gross Bookings rose to $40 billion, up 19% year-over-year (21% on a constant currency basis), and revenue rose 16% year-over-year to $10.7 billion.

10-QQuarterly reportFiled Aug 6, 2024Period of report Jun 30, 2024Summary published (UTC) Oct 23, 2026

Key points

AI summary

Uber said Q2 2024 Gross Bookings rose to $40 billion, up 19% year-over-year (21% on a constant currency basis), and revenue rose 16% year-over-year to $10.7 billion.
The company said Q2 net income attributable to Uber Technologies, Inc. was $1.0 billion, reflecting a pre-tax unrealized gain of $333 million on debt and equity securities, including $220 million on its Grab investment and $178 million on its Didi investment. Adjusted EBITDA profit for the same quarter was $1.6 billion, up $654 million from $916 million in the year-earlier period.
Uber said Mobility revenue for Q2 rose $1.2 billion (25%) and Delivery revenue rose $236 million (8%). It said business model changes in some countries, which classified certain sales and marketing costs as contra revenue, weighed on revenue growth by $386 million in Mobility and $299 million in Delivery.
Uber said net cash provided by operating activities was $3.2 billion for the 6 months ended June 30, 2024, and that it spent $325 million on share repurchases. Under the repurchase program approved in February 2024, $6.7 billion remained of the $7.0 billion authorization as of June 30.

Key figures

Quarter ended June 30, 2024

Revenue: $10.7B
Operating income: $796M
Net income: $1.0B
EPS: $0.47

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

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.

Q2 2024 Gross Bookings and Revenue

Uber said Q2 2024 Gross Bookings rose to $40 billion, up 19% year-over-year (21% on a constant currency basis), and revenue rose 16% year-over-year to $10.7 billion.

Source · Based on the MD&A text of the filing

Q2 Net Income Attributable to Uber and Adjusted EBITDA

The company said Q2 net income attributable to Uber Technologies, Inc. was $1.0 billion, reflecting a pre-tax unrealized gain of $333 million on debt and equity securities, including $220 million on its Grab investment and $178 million on its Didi investment. Adjusted EBITDA profit for the same quarter was $1.6 billion, up $654 million from $916 million in the year-earlier period.

Source · Based on the MD&A text of the filing

Q2 Segment Revenue Changes and Contra Revenue Impact

Uber said Mobility revenue for Q2 rose $1.2 billion (25%) and Delivery revenue rose $236 million (8%). It said business model changes in some countries, which classified certain sales and marketing costs as contra revenue, weighed on revenue growth by $386 million in Mobility and $299 million in Delivery.

Source · Based on the MD&A text of the filing

6-Month Operating Cash Flow and Share Repurchases

Uber said net cash provided by operating activities was $3.2 billion for the 6 months ended June 30, 2024, and that it spent $325 million on share repurchases. Under the repurchase program approved in February 2024, $6.7 billion remained of the $7.0 billion authorization as of June 30.

Source · Based on the MD&A text of the filing

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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