UBER - Uber beats Q4 top and bottom line estimates; initiates Q1 outlook
- Uber press release ( NYSE: UBER ): Q4 GAAP EPS of $0.29 beats by $0.45 .
- Revenue of $8.6B (+48.8% Y/Y) beats by $90M .
- Gross Bookings grew 19% year-over-year and 26% year-over-year on a constant currency basis
- Mobility Gross Bookings, Adjusted EBITDA and Adjusted EBITDA margin at all-time quarterly highs.
- Adjusted EBITDA margin as a percentage of Gross Bookings was 2.2%, up from 0.3% in Q4 2021. Incremental margin as a percentage of Gross Bookings was 11.9% Y/Y.
- For Q1 2023 , we anticipate: Gross Bookings to grow 20% to 24% YoY on a constant currency basis, with an expected 3 percentage point currency headwind, translating to a range of $31.0 billion to $32.0 billion.
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Adjusted EBITDA of $660 million to $700 million
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Uber beats Q4 top and bottom line estimates; initiates Q1 outlook