Uber's beats estimates and the stock is up
Here's how the company did:Revenue:Revenue for the quarter was up 49% year over year. The 29 cent earnings per share includes a big gain on investments. Uber noted that net income for the quarter was $595 million, of which $756 million was a net benefit due to unrealized gains on equity investments.
In a prepared statement, CEO Dara Khosrowshahi said Uber ended 2022 with its "strongest quarter ever," capping off its "strongest year." He said the pandemic's impact on the company's mobility business is "now well and truly behind us," and that active drivers hit an all-time high during the quarter.
"Importantly, we achieved these results while also maintaining or improving our competitive position across our key markets," he said in the statement. The company reported an adjusted EBITDA of $665 million, more than the $620 million expected by analysts, according to StreetAccount. Gross bookings for the quarter came in at $30.7 billion, up 19% year over year.
For the first quarter of 2023, Uber said it expects gross bookings to grow between 20% and 24% year over year on a constant currency basis, and an adjusted EBITDA of $660 million to $700 million.$14.9 billion vs. 14.8 billion expected by analysts, according to StreetAccountUber relied heavily on growth in its Eats delivery business during
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Houston could see storms Tuesday and Wednesday, the National Weather Service forecastsA cold front will bring chances of rainfall and thunderstorms to the Houston area this Tuesday and Wednesday, according to the National Weather Service.
Leggi di più »
Isolated severe storms possible Wednesday in AlabamaAnother week, more threats of storms. ⛈️ A few severe storms will be possible in Alabama on Wednesday night into Thursday morning, according to forecasters.
Leggi di più »
San Antonio's Press Coffee to jolt Castle Hills with second location on WednesdayLike its flagship store, this location will also offer indoor and outdoor seating, free wifi and an extensive list of coffee-based drinks. SanAntonio SATX SanAntonioTX SanAntonioFood SanAntonioRestaurants Coffee
Leggi di più »
Olivia Rodrigo’s '90s Sheer “Naked” Dress Serves Big Wednesday Addams EnergyThat's a Grammys slay.
Leggi di più »
Until Wednesday, Dallas Is Waiving Misdemeanor Warrant Fees for People Donating SocksAs part of Dallas' annual Ticket Track Down initiative, people can donate socks to have their Class C misdemeanor warrant fees waived.
Leggi di più »
Binance to suspend US dollar transfers from Wednesday: reportsBinance will suspend US dollar transfers from Wednesday, and that's reportedly causing millions to flow to rival exchanges
Leggi di più »