uber earnings

Uber reports record revenue, but delivery takes a back seat

Uber eats app

It looks like rideshare is back in the driver’s seat for Uber (NYSE: UBER) after Eats and its delivery business steered the company through the pandemic.

The company reported a record $8.1 billion in revenue for the second quarter of 2022, up 33% from a year ago, due largely to growth in its mobility business. More drivers (5 million) and customers (122 million per month) used Uber’s platform in Q2 than ever before, which helped it offset losses from its investments in Aurora, Grab and Zomato.

In...

https://www.freightwaves.com/news/uber-reports-record-revenue-but-delivery-takes-a-back-seat

Uber Eats and delivery business continue to rake in profits

Uber Eats delivery courier

Uber’s delivery business continues to deliver profits. The ride-hailing, food-delivering, freight-hauling superapp reported Q1 2022 earnings before the bell Wednesday, and in what was a strong quarter overall, Uber Eats and the company’s growing suite of delivery offerings again played a key role, posting all-time highs in both gross bookings and active merchants.

Shares of Uber (NYSE: UBER) were down about 11% in the early hours of trading on Wednesday due to losses on its investments in Grab,...

https://www.freightwaves.com/news/uber-eats-and-delivery-business-continue-to-rake-in-profits

Uber Delivery delivers first quarterly adjusted profit

Uber is making its case as a superapp. The ride-hailing, freight-hauling, food-delivering platform reported its Q4 2021 and FY2021 earnings after the bell on Wednesday, recording its first profitable quarter for delivery in terms of adjusted earnings before income, taxes, depreciation and amortization.

The delivery segment’s adjusted EBITDA of $25 million helped drive a healthy quarter for Uber. For all segments, that figure was $86 million, topping the high end of Uber’s guidance and marking...

https://www.freightwaves.com/news/uber-delivery-delivers-first-quarterly-adjusted-profit

Rideshare rebound: Breaking down Uber’s and Lyft’s big Q3

Uber and Lyft earnings analysis strong quarter of profitability for rideshare companies

In 2019, a pair of financially unproven but promising rideshare companies debuted two of the largest public offerings of the decade, just two weeks apart from each other –– and they let just about everyone down.

At the time, assessments of Uber’s and Lyft’s IPOs ranged from “modest” to outright “bleak” as the rivals failed to live up to the lofty expectations they had set for themselves. People had questions about the companies, and rightfully so. In the calendar year leading up to its IPO, Uber

https://www.freightwaves.com/news/rideshare-rebound-breaking-down-ubers-and-lyfts-big-q3

Uber stock rebounds after earnings, analysts maintain bullish outlook

Uber stock earnings delivery business growth

Uber stock was up about 2.5% in early trading on Thursday, just hours after a pullback following the company’s Q2 earnings release. Uber missed on analyst estimates for both revenue and EPS, due in part to driver shortages in its ride-hailing business, while rival Lyft reported a huge quarter — but analysts are still bullish on Uber’s prospects.

Analyst Ross Sandler of Barclays maintained an Overweight rating on the stock, anticipating a recovery in the company’s volume, take rate and...

https://www.freightwaves.com/news/uber-stock-rebounds-after-earnings-analysts-maintain-bullish-outlook

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