Uber: adjusted EBITDA up 82% in Q1

(CercleFinance.com) - Uber Technologies reports a widened net loss (group share) of $654m for Q1 2024, but adjusted EBITDA of $1.
38bn, up 82% on the same period last year.

Sales rose by 15% to over $10.1bn, with gross bookings up 20% to almost $37.7bn (+21% at constant exchange rates, including +26% for mobility services and +17% for deliveries).

For Q2 2024, the services platform forecasts adjusted EBITDA of $1.45bn to $1.53bn, up 58% to 67%, and gross bookings of between $38.75bn and $40.25bn (+18 to +23% at constant exchange rates).


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