==Uber (UBER) reported earnings on Tue 1 Aug 23 (b/o)

 

Uber beats by $0.19, misses on revs

• Reports Q2 (Jun) earnings of $0.18 per share, $0.19 better than the FactSet Consensus of ($0.01); revenues rose 14.3% year/year to $9.23 bln vs the $9.34 bln FactSet Consensus.
  • Gross Bookings grew 16% year-over-year ("YoY") to $33.6 billion, or 18% on a constant currency basis, with Mobility Gross Bookings of $16.7 billion (+25% YoY or +28% YoY constant currency) and Delivery Gross Bookings of $15.6 billion (+12% YoY or +14% YoY constant currency).
  • Trips during the quarter grew 22% YoY to 2.3 billion, or approximately 25 million trips per day on average.
  • Monthly Active Platform Consumers ("MAPCs") reached 137 million: MAPCs grew 12% YoY and 5% QoQ to 137 million, driven by continued improvement in consumer activity for our Mobility offerings.
  • Adjusted EBITDA of $916 million, up $552 million YoY. Adjusted EBITDA margin as a percentage of Gross Bookings was 2.7%, up from 1.3% in Q2 2022. Incremental margin as a percentage of Gross Bookings was 12.2% YoY.
• For Q3 2023, we anticipate:
  • Gross Bookings of $34.0 billion to $35.0 billion
  • Adjusted EBITDA of $975 million to $1.025 billion