Uber (UBER) Tops Q4 EPS by 1c, Revenue Misses

Uber (NYSE: UBER) reported Q4 EPS of ($0.54), $0.01 better than the analyst estimate of ($0.55). Revenue for the quarter came in at $3.2 billion versus the consensus estimate of $3.58 billion.

• Gross Bookings grew 16% quarter-over-quarter (“QoQ”) to $17.2 billion, down 5% year-over-year (“YoY”), or 4% on a constant currency basis, with Delivery Gross Bookings growing 128% YoY and Mobility Gross Bookings declining 47% YoY, respectively, on a constant currency basis.
• Revenue grew 13% QoQ but declined 16% YoY, or 15% on a constant currency basis. Delivery Revenue grew 19% QoQ and 224% YoY while Mobility Revenue grew 8% QoQ and declined 52% YoY.
• Net loss attributable to Uber Technologies, Inc. was $968 million, which includes $236 million in stock-based compensation expense.
• Adjusted EBITDA loss of $(454) million, reduced by $171 million QoQ and by $161 million YoY, and represented (14.3)% margin as a percentage of revenue.
• Mobility Adjusted EBITDA of $293 million, up $48 million QoQ and down $449 million YoY, and represented 19.9% margin as a percentage of Mobility Revenue.
• Delivery Adjusted EBITDA loss of $(145) million, reduced by $38 million QoQ and by $316 million YoY, and represented (10.7)% margin as a percentage of Delivery Revenue.
• Unrestricted cash, cash equivalents and short-term investments were $6.8 billion at the end of the fourth quarter.

For earnings history and earnings-related data on Uber (UBER) click here.

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