UBER - UBER's Q1 Loss Wider Than Estimates Revenues Increase Y/Y | Benzinga
Uber Technologies (NYSE: UBER) reported a loss of 32 cents per share in the first quarter of 2024. The Zacks Consensus Estimate was pegged at 21 cents. In the year-ago quarter, UBER incurred a loss of 8 cents.
Total revenues of $10,131 million beat the Zacks Consensus Estimate of $10,076 million. The top line jumped 15% year over year.
In the reported quarter, the majority (55.6%) of the company's revenues came from Mobility. Revenues from this segment jumped 30% year over year to $5,633 million. Revenues from the Delivery segment increased 4% year over year to $3,214 million. Freight revenues fell to $1,284 million, down 8% from the year-ago period, due to lower revenue per load and volume and the challenging freight market cycle.
Adjusted EBITDA in ...