![]() Net loss attributable to Uber Technologies, Inc. See “Definitions of Non-GAAP Measures” and “Reconciliations of Non-GAAP Measures” sections herein for an explanation and reconciliations of non-GAAP measures used throughout this release. Net cash provided by operating activities (3) Monthly Active Platform Consumers (“MAPCs”) Gross Bookings to grow 23% to 27% YoY on a constant currency basis, with an expected 7 percentage point YoY currency headwind, translating to a range of $30.0 billion to $31.0 billionĪdjusted EBITDA of $600 million to $630 millionįinancial and Operational Highlights for Third Quarter 2022 “We remain focused on excellent execution and disciplined cost management to deliver on our growth and profitability commitments for the coming years.” "Strong demand for our offerings, better marketplace efficiency, and our asset-light platform helped to deliver Adjusted EBITDA well above our guidance, even as foreign exchange and inflationary headwinds impact all global businesses,” said Nelson Chai, CFO. “Even as the macroeconomic environment remains uncertain, Uber’s core business is stronger than ever.” “Our global scale and unique platform advantages are working together to drive more profitable growth, with Gross Bookings growth of 32% and record Adjusted EBITDA of $516 million,” said Dara Khosrowshahi, CEO. Unrestricted cash and cash equivalents were $4.9 billion at the end of the third quarter. Net cash provided by operating activities was $432 million, and free cash flow, defined as net cash flows from operating activities less capital expenditures, was $358 million. Adjusted EBITDA margin as a percentage of Gross Bookings was 1.8%, up from 0% in Q3 2021. Additionally, net loss includes $482 million in stock-based compensation expense.Īdjusted EBITDA of $516 million, up $508 million YoY. ![]() was $1.2 billion, which includes a $512 million net headwind (pre-tax) primarily due to net unrealized losses related to the revaluations of Uber’s equity investments. Revenue grew 72% YoY to $8.3 billion, or 81% on a constant currency basis, with Revenue growth significantly outpacing Gross Bookings growth due to the acquisition of Transplace by Uber Freight and a change in the business model for our UK Mobility business. Trips during the quarter grew 19% YoY to 1.95 billion, or approximately 21 million trips per day on average. Gross Bookings grew 26% year-over-year (“YoY”) to $29.1 billion, or 32% on a constant currency basis, with Mobility Gross Bookings of $13.7 billion (+38% YoY or +45% YoY constant currency) and Delivery Gross Bookings of $13.7 billion (+7% YoY or +13% YoY constant currency). (NYSE: UBER) today announced financial results for the quarter ended September 30, 2022.įinancial Highlights for Third Quarter 2022 ![]() Operating cash flow of $432 million Free cash flow of $358 million Mobility Gross Bookings, Adjusted EBITDA and Adjusted EBITDA margin at all-time quarterly highs Click here for more of Yahoo Finance's coverage from the Goldman Sachs Communacopia tech conference.Gross Bookings grew 26% year-over-year and 32% year-over-year on a constant currency basis I mean, as much fun as that is, I guarantee it's more fun to go out with a friend." Risher also comments on Lyft's competitive cost-saving features on its app, the tough decision to lay off staff, and his time as one of the first Amazon (AMZN) employees working under Jeff Bezos. I think our competition is staying at home, watching Netflix and eating pizza. "I want to focus on our customers, and sometimes what I say is, I don't think our big competition is Uber. make price shopping kind of a waste of time, if i can say it that way," Risher says. ![]() Risher sits down with Yahoo Finance Executive Editor Brian Sozzi at the Goldman Sachs Communacopia & Technology Conference to discuss Lyft's refocusing on its customers and costs. While Lyft and Uber are considered by many to be natural rivals in the ride-share space, Lyft CEO David Risher cites certain post-COVID cultural trends to be detrimental to the overall ride-share and experience industries. Yahoo Finance Video Lyft is becoming more 'customer-focused' for riders, drivers: CEO ![]()
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