TECH - Uber's Bottom Line Takes A Hit Despite Revenue Uptick Stock Tanks | Benzinga
Uber Technologies, Inc (NYSE:UBER) reported fiscal first-quarter 2024 revenue growth of 15% year-on-year to $10.10 billion, marginally missing the analyst consensus estimate of $10.11 billion.
Uber's GAAP EPS of 32 cents loss missed the analyst consensus estimate of 23 cents. The stock price dropped after the results.
Revenue from Mobility grew to $5.63 billion, up 30% year over year. Delivery was $3.21 billion, up 4%, and Freight was $1.28 billion, down 8% year over year.
Gross Bookings grew 20% year-over-year to $37.65 billion, with Mobility Gross Bookings of $18.67 billion, up 25% year-over-year, Delivery Gross Bookings of ...