Uber (UBER) reports Q1 loss, gross bookings miss expectations
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Uber Announces Results for First Quarter 2024
May 8, 2024 6:55 AM EDT
Trips grew 21% year-over-year; MAPCs and monthly trips per MAPC grew 15% and 6% year-over-year, respectively
Gross Bookings grew 20% year-over-year and 21% year-over-year on a constant currency basis
Income from operations of $172 million; Adjusted EBITDA of $1.4 billion, up 82% year-over-year
Operating cash flow of $1.4 billion; Free cash flow of $1.4 billion
SAN FRANCISCO--(BUSINESS WIRE)-- Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter ended March 31, 2024.
Our results this quarter once again demonstrate our ability to deliver consistent, profitable growth at scale, said... More
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May 7, 2024 9:00 AM EDTPROVO, Utah--(BUSINESS WIRE)-- Smarty, a preeminent provider of address data solutions, announced today its service partnership with Uber Technologies, Inc. (NYSE: UBER), providing accurate, real-time address data for the ride-sharing leader. Smarty's comprehensive address intelligence services will bolster Ubers extensive address data capabilities across its global operations, encompassing ride-sharing, meal... More
Uber Eats to Power Restaurant Delivery on Instacart
May 7, 2024 8:00 AM EDTPartnership gives Instacart customers easy access to food delivery from hundreds of thousands of Uber Eats restaurant partners across the U.S.
Instacart+ members now get even more value, with $0 delivery on grocery and restaurant orders over $35
SAN FRANCISCO, May 7, 2024 /PRNewswire/ -- Instacart (Nasdaq:... More
