Uber Tech: EPS übertrifft Schätzungen um 0,83 $ - Umsatz besser als erwartet from

Uber Tech: EPS beats estimates by $0.83 - Revenue above expectations

Q4 revenue grows 49%, Uber beats Wall Street estimates

Uber Technologies Inc. (NYSE: UBER) reported stronger-than-expected results for the fiscal fourth quarter that concluded in December. The ride-hailing and food delivery company topped Wall Street estimates for earnings and revenue, as its core ride-hailing business continued to recover from the COVID-19 pandemic.

Uber reported $8.61 billion of revenue in Q4 that represents a 49% annualised growth. Its GAAP EPS (earnings per share) was capped at $0.29 that translates to an EPS of $0.59 on an adjusted basis, as per the earnings press release. According to FactSet, analysts had forecast the company to post $8.48 billion of revenue and $0.45 of adjusted EPS.

Key figures in the earnings report

Other notable figures in the earnings report include a 72% annualised growth in monthly active platform consumers to 122 million. The number of trips also saw a 33% year over year increase in Q4 to 1.9 billion. On the downside, Uber reported a wider net loss in the recent quarter. Its total net loss was capped at $2.6 billion, or $1.43 per share. In comparison, it had recorded $968 million of net loss in the same quarter of last year.

Guidance for the fiscal first quarter

For the fiscal first quarter, Uber expects its revenue to fall in the range of $8.4 billion to $8.7 billion. It forecasts adjusted EBITDA between $425 million and $475 million.

CEO Dara Khosrowshahi's comments on Q4 results

CEO Dara Khosrowshahi commented on the earnings report on Wednesday and said: "Our fourth quarter results capped off a record year for Uber, with strong growth across all our platforms. Mobility is recovering quickly as the world reopens, and we continue to gain share in a rapidly growing market. Uber Eats also had a great quarter, with record profitability and a clear path to sustained profitability in 2023."

Uber stock price reacted positively to the earnings update

Uber stock price reacted positively to the earnings update on Wednesday and gained over 5% in premarket trading. Including the price action, the stock is now exchanging hands at $32.55 per share. In comparison, it had started the year 2023 at a per-share price of a significantly lower $26.25.