STOXPO
  • Latest News
  • Technology
    • Software
    • Semiconductors
  • Healthcare
    • Biotechnology
    • Pharmaceuticals
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
  • Companies
    • Micro-Cap
    • Small-Cap
    • Mid-Cap
    • Large-Cap
    • Mega-Cap
  • Q&A’s
  • Contributions
No Result
View All Result
  • Latest News
  • Technology
    • Software
    • Semiconductors
  • Healthcare
    • Biotechnology
    • Pharmaceuticals
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
  • Companies
    • Micro-Cap
    • Small-Cap
    • Mid-Cap
    • Large-Cap
    • Mega-Cap
  • Q&A’s
  • Contributions
No Result
View All Result
STOXPO
No Result
View All Result
Home Consumer Cyclical Ground Transportation

Uber’s Q1 Report: Revenue Beats Expectations, Net Loss Widens

byLiliana Vida
May 8, 2024
in Ground Transportation
Reading Time: 2 mins read
Share on TwitterShare on LinkedIn

Analysis of Uber’s Financial Performance and Market Outlook

Uber’s (UBER) first-quarter results have stirred mixed reactions among investors and analysts, showcasing a blend of revenue growth and unexpected losses. Despite revenue exceeding expectations at $10.13 billion, the company faced a widened net loss of $654 million, a stark contrast to the $157 million loss reported in the same quarter last year.

While Uber’s revenue saw a notable 15% year-over-year increase, reaching $10.13 billion, gross bookings fell short of analysts’ estimates at $37.65 billion, slightly below the anticipated $37.93 billion. The market responded promptly, with shares dropping over 6% in premarket trading.

CEO Dara Khosrowshahi attributed the net loss primarily to unrealized losses related to equity investments, emphasizing that this setback doesn’t reflect the operating business’s performance. Uber reported adjusted EBITDA of $1.38 billion, surpassing analyst expectations, indicating operational resilience amidst financial challenges.

Looking ahead, Uber forecasts gross bookings between $38.75 billion and $40.25 billion for the second quarter, accompanied by adjusted EBITDA expectations ranging from $1.45 billion to $1.53 billion. Despite the setback, Uber remains optimistic about its growth trajectory, with monthly active platform consumers reaching 149 million and 2.6 billion trips completed during the quarter.

While Uber’s mobility and delivery segments demonstrated robust growth, with gross bookings of $18.67 billion and $17.7 billion respectively, challenges persist, including revenue margin impacts from business model changes. Despite these hurdles, Uber remains committed to enhancing user experiences and expanding market reach.

As Uber navigates market uncertainties, its focus on core use cases and consumer segments reflects a strategic approach aimed at driving sustained growth and profitability in the long term.

You might like this article: Ark Invest’s Strategic Moves: Palantir Technologies and Rocket Labs USA

Tags: Earnings
Previous Post

Ark Invest’s Strategic Moves: Palantir Technologies and Rocket Labs USA

Next Post

Advancing Cancer Therapy: CytomX’s Positive Clinical Data and Future Milestones

Related Posts

Uber Rides High on AV Partnerships and Strategic Momentum

byLuca Blaumann
July 9, 2025
0

Stock hits all-time high as alliances with Waymo and others fuel optimism despite competitive and legal pressures Uber Technologies (UBER)...

Uber Forecasts Strong Q2 Despite Mixed Q1 Results and Economic Headwinds

byLuca Blaumann
May 7, 2025
0

Q1 Bookings Slightly Miss Estimates, But Profitable Growth and Autonomous Vehicle Plans Highlight Long-Term Vision Uber (UBER) delivered mixed results...

Uber Drops $950M Foodpanda Taiwan Deal After Regulatory Rejection

byLuca Blaumann
March 12, 2025
0

Termination Costs Uber $250M as Delivery Hero Shares Slide Uber Technologies (UBER) has officially scrapped its $950 million acquisition of...

Next Post
chemistry-2

Advancing Cancer Therapy: CytomX's Positive Clinical Data and Future Milestones

Latest News

Hims & Hers Shares Dip Despite Strong Growth as Revenue Misses Forecast

Palantir Surges Past $1 Billion Quarterly Revenue, Lifts Guidance Amid AI Boom

Tesla Board Approves $29 Billion Alternative Compensation Plan for Elon Musk

Blade Air Mobility Sells Rideshare Business to Joby Aviation for $125 Million

Qualcomm Posts Strong Q3 Results, Fueled by Automotive and IoT Growth

Based on Your Interest

Aerospace & Defense

Palo Alto Networks Eyes $20B Deal for CyberArk

July 29, 2025
trading-chart
Ecommerece

AMD and Amazon: Two Titans Poised for Explosive Growth

July 28, 2025
Entertainment

FCC Approves $8B Paramount-Skydance Merger Amid Political Controversy

July 25, 2025

Recommended

Aerospace & Defense

FAA Keeps Boeing 737 MAX Production Cap in Place Amid Ongoing Oversight

July 24, 2025
Large-Cap

Intel Beats on Revenue, Misses on Earnings; Cuts Workforce by 15%

July 24, 2025
Brokerages

Accelerant Soars in NYSE Debut, Valued at $6.4 Billion

July 24, 2025
Distributor

GoPro and Krispy Kreme Surge as Meme Stock Frenzy Reignites

July 23, 2025
Electrical Equipment

GE Vernova Soars to Record High on Raised Cash Flow Outlook

July 23, 2025
Stoxpo

Follow us on social media:

Highlights

  • Hims & Hers Shares Dip Despite Strong Growth as Revenue Misses Forecast
  • Palantir Surges Past $1 Billion Quarterly Revenue, Lifts Guidance Amid AI Boom
  • Tesla Board Approves $29 Billion Alternative Compensation Plan for Elon Musk
  • Blade Air Mobility Sells Rideshare Business to Joby Aviation for $125 Million
  • Qualcomm Posts Strong Q3 Results, Fueled by Automotive and IoT Growth

Category

  • Blog
  • Communication Services
    • Entertainment
    • Internet
    • Telecommunications
  • Companies
    • Large-Cap
    • Mega-Cap
    • Micro-Cap
    • Mid-Cap
    • Small-Cap
  • Consumer Cyclical
    • Auto Manufacturers
    • Casinos & Gambling
    • Ground Transportation
    • Hospitality
      • Casinp
      • Resorts & Lodging
      • Restaurants
      • Travel
        • Airlines
    • Retail
    • Textiles, Apparel & Luxury Goods
  • Consumer Defensive
    • Beverages
    • Discount Stores
    • Distributor
    • Ecommerece
    • Electrical Equipment
    • Foods
    • Household & Personal Products
    • Leisure Products
    • Tobacco
  • Contributions
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
  • Economy
  • Energy
    • Electric
    • Oil & Gas
    • Renewables
  • Financial Services
    • Asset Management
    • Banks
    • Brokerages
    • Credit Services
    • Insurance
  • Healthcare
    • Biotechnology
    • Medical Devices
    • Pharmaceuticals
  • Industrials
    • Aerospace & Defense
    • Construction
    • Industrial Machinery
  • Materials
    • Building Materials
    • Chemicals
    • Gold
    • Mining
    • Silver
    • Steel
  • Q&A's
  • Real Estate
  • Technology
    • Artificial Intelligence
    • Computer Hardware
    • Consumer Electronics
    • Cybersecurity
    • IT Services
    • Semiconductors
    • Software
  • Utilities

Latest News

Hims & Hers Shares Dip Despite Strong Growth as Revenue Misses Forecast

August 5, 2025
trading-chart-2

Palantir Surges Past $1 Billion Quarterly Revenue, Lifts Guidance Amid AI Boom

August 4, 2025
tesla

Tesla Board Approves $29 Billion Alternative Compensation Plan for Elon Musk

August 4, 2025
  • About
  • Privacy Policy
  • Contact

© 2024 All Rights Reserved: STOXPO.

No Result
View All Result
  • Latest News
  • Healthcare
    • Biotechnology
    • Pharmaceuticals
  • Technology
    • Software
    • Semiconductors
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
  • Companies
    • Micro-Cap
    • Small-Cap
    • Mid-Cap
    • Large-Cap
    • Mega-Cap
  • Q&A’s
  • Contributions

© 2024 All Rights Reserved: STOXPO.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More

In case of sale of your personal information, you may opt out by using the link Do Not Sell My Personal Information

Accept Cookie Settings
Cookies are small text files that can be used by websites to make a user's experience more efficient. The law states that we can store cookies on your device if they are strictly necessary for the operation of this site. For all other types of cookies we need your permission. This site uses different types of cookies. Some cookies are placed by third party services that appear on our pages.
  • Always Active
    Necessary
    Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. The website cannot function properly without these cookies.
  • Marketing
    Marketing cookies are used to track visitors across websites. The intention is to display ads that are relevant and engaging for the individual user and thereby more valuable for publishers and third party advertisers.
  • Analytics
    Analytics cookies help website owners to understand how visitors interact with websites by collecting and reporting information anonymously.
  • Preferences
    Preference cookies enable a website to remember information that changes the way the website behaves or looks, like your preferred language or the region that you are in.
  • Unclassified
    Unclassified cookies are cookies that we are in the process of classifying, together with the providers of individual cookies.
Cookie Settings

Do you really wish to opt-out?