Uber (UBER) Misses Q1 EPS by 54c, Revenue Beats, Offers Guidance

Uber (NYSE: UBER) reported Q1 EPS of ($0.32), $0.54 worse than the analyst estimate of $0.22. Revenue for the quarter came in at $10.13 billion versus the consensus estimate of $10.09 billion.

Outlook for Q2 2024:

For Q2 2024, we anticipate:

Gross Bookings of $38.75 billion to $40.25 billion, which represents 18% to 23% YoY growth on a constant currency basis.

Our outlook assumes a roughly 3 percentage point currency headwind to total reported YoY growth, including a roughly 5 percentage point currency headwind to Mobility’s reported YoY growth.

Adjusted EBITDA of $1.45 billion to $1.53 billion, which represents 58% to 67% YoY growth

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

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