Uber surpasses expectations in Q4

Uber Technologies Inc. (UBER) reported its Q4 2021 financial results after the market close on Wall Street on Wednesday. The company beat analyst estimates for both revenue and earnings per share.

Total revenue reported at $5.778 billion (83% increase year-over- year) in Q4 vs. $5.346 billion expected.

Earnings per share at $0.44, analysts were expecting a loss per share of -$0.30.

Dara Khosrowshahi, Uber CEO commented on the latest results: ”Our results demonstrate just how far we’ve come since the beginning of the pandemic.”

”In Q4, more consumers were active on our platform than ever before, Delivery reached Adjusted EBITDA profitability, and Mobility Gross Bookings approached pre-pandemic levels. While the Omicron variant began to impact our business in late December, Mobility is already starting to bounce back, with Gross Bookings up 25% month-on-month in the most recent week,” Khosrowshahi added.

”We outperformed our quarterly guidance and delivered $540 million of Adjusted EBITDA improvement compared to Q4 of last year,” said Nelson Chai, CFO.

”Moving forward, we are poised to continue to grow at scale while expanding profitability,” he added.

Uber Technologies Inc. chart (weekly)

Shares of Uber were up by 4.38% at the end of trading day on Wednesday at $40.17. Here is how the stock has performed in the past year –

• 1 Month: -6.25%
• 3 Month: -7.14%
• Year-to-date: -4.15%
• 1 Year: -33.80%

Uber is the 208^th largest company in the world, with a total market cap of $77.97 billion.

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Sources: Uber Technologies Inc., TradingView, CompaniesMarketCap