The corporate reporting period has is starting.
Last week, 132 companies from the S&P 500 index reported.
Today, we are going to analyze the results of Uber Technologies. Its revenue is $11.9B. It grew by +8.3% compared to the corresponding value for the previous quarter and exceeded analysts’ expectations by +1.7%. Let’s analyze the company’s business in more detail.
Uber Technologies is a technology provider that connects passengers with taxis, courier delivery from restaurants, and freight transportation. Uber operates in more than 70 countries, and its users are more than 171 million people who order rides or food at least once a month.
The company’s revenue increased by +20% compared to the same quarter last year. The company announced gross bookings of $44.2 billion and 3.07 billion rides, which is +18% higher than analysts’ expectations. In the current quarter, Uber forecasts gross bookings of $42 billion to $43.5 billion.
56% of the revenue structure is made up of manufacturing costs, and 54% is gross revenue. Over the past quarter, the company earned a profit of $1.4B, and its market capitalization is $157B.
After the publication of the report, Uber Technologies shares rose by +6.5% to reach $74 per share. Market participants were pleased with the financial results and responded positively to the company’s development prospects.
**growth – % ratio of the amount of revenue for the last 4 quarters compared to this value calculated for the previous quarter
