Uber Inc. (UBER) PT Raised to $38 at JPMorgan

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Go back to Uber Inc. (UBER) PT Raised to $38 at JPMorgan

Uber Announces Results for First Quarter 2020

May 7, 2020 4:06 PM EDT

Revenue of $3.5 billion, growing 14% year-over-year or 16% on a constant currency basis

Rides Adjusted EBITDA of $581 million

SAN FRANCISCO--(BUSINESS WIRE)-- Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter ended March 31, 2020.

Financial Highlights for First Quarter 2020

Gross Bookings grew to $15.8 billion, up 8% year-over-year, or 10% on a constant currency basis, with Rides declining 3% and Eats growing 54% year-over-year, respectively, on a constant currency basis. Revenue growth of 14% year-over-year, or 16% on a constant currency... More