Uber Announces Results for Second Quarter 2020
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Uber (UBER) Misses Q2 EPS by 16c, Revs Beat Slighlty
August 6, 2020 4:07 PM EDTUber (NYSE: UBER) reported Q2 EPS of ($1.02), $0.16 worse than the analyst estimate of ($0.86). Revenue for the quarter came in at $2.2 billion versus the consensus estimate of $2.18 billion.
Gross Bookings declined to $10.2 billion, down 35% year-over-year, or 32% on a constant currency basis, with Mobility Gross Bookings declining 73% and Delivery Gross Bookings growing 113% year-over-year, each on a constant currency basis.Revenue declined 29% year-over-year, or 27% on a constant currency basis. Mobility Revenue declined 67% year-over-year and Delivery Revenue grew 103% year-over-year.Adjusted Net Revenue (ANR) declined 33% year-over-year, Mobility ANR declined 66% year-over-year and Delivery ANR grew 162% year-over-year. YoY Growth %... More