
Uber: profit jumps in Q2
(CercleFinance.com) - Uber Technologies has reported a 158% y-o-y increase in net income, group share, to just over $1bn for Q2 2024, as well as a 71% increase in adjusted EBITDA to $1.
57bn. NB: pmt +5.3%.
Sales were up 16% to $10.7bn, with gross bookings up 19% to almost $40bn (+21% at constant exchange rates, including +27% for mobility services and +17% for deliveries).
More people are using the platform, and more frequently than ever before, while drivers and couriers earned a new all-time record of $17.9bn in the quarter, management said.
For Q3 2024, Uber forecasts adjusted EBITDA of $1.58bn to $1.68bn, representing y-o-y growth of 45% to 54%, with gross bookings of $40.25bn to $41.75bn (+18% to 23% at constant currencies).
Copyright (c) 2024 CercleFinance.com. All rights reserved.
57bn. NB: pmt +5.3%.
Sales were up 16% to $10.7bn, with gross bookings up 19% to almost $40bn (+21% at constant exchange rates, including +27% for mobility services and +17% for deliveries).
More people are using the platform, and more frequently than ever before, while drivers and couriers earned a new all-time record of $17.9bn in the quarter, management said.
For Q3 2024, Uber forecasts adjusted EBITDA of $1.58bn to $1.68bn, representing y-o-y growth of 45% to 54%, with gross bookings of $40.25bn to $41.75bn (+18% to 23% at constant currencies).
Copyright (c) 2024 CercleFinance.com. All rights reserved.