The earnings call highlights Uber's strong performance in profitability, membership growth, and advertising expansion while acknowledging challenges such as rising insurance costs and deceleration in mobility bookings. The overall sentiment is positive, with significant achievements outweighing the noted challenges.

Company Guidance

During Uber's Q3 2024 earnings call, the company provided robust guidance, highlighting significant metrics that reflect its continued growth and strategic focus. Gross bookings increased by 20% year-on-year in constant currency, while GAAP operating profits surpassed $1 billion, marking an all-time high. The company emphasized its expanding platform, with over 7.8 million people earning more than $18 billion through Uber during the quarter. Membership in Uber One rose by 70% year-on-year to over 25 million members, and the advertising business experienced nearly 80% growth compared to the previous year. The company reiterated its capital allocation strategy, prioritizing organic growth opportunities, especially in less densely populated markets, and announced plans to increase its share repurchase program in upcoming quarters.

Record-Breaking Profitable Growth

Uber delivered a record quarter of profitable growth with gross bookings up 20% year-on-year in constant currency and an all-time high GAAP operating profit of more than $1 billion.

Expansion in Less Dense Markets

Uber is focusing on growth in less dense markets with significant opportunity, with expansion efforts showing higher growth rates than core markets.

Strong Advertising Growth

Uber's advertising business grew nearly 80% year-on-year, with the potential to expand further in the mobility and delivery segments.

Uber One Membership Growth

Uber One membership increased by 70% year-on-year, now totaling over 25 million members, contributing to higher user frequency and retention.

Autonomous Vehicle Strategy Progress

Uber's autonomous vehicle strategy is advancing, with partnerships expanding in cities like Austin and Atlanta, and plans to scale operations significantly.

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Uber Technologies (GB:0A1U) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GB:0A1U Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 30, 2019	2019 (Q1)	- / -2.26	2.228	-201.44% (-4.49)	―	―
Aug 08, 2019	2019 (Q2)	- / -4.72	-0.522	-804.21% (-4.20)	―	―
Nov 04, 2019	2019 (Q3)	- / -0.68	-0.586	-16.04% (-0.09)	―	―
Feb 06, 2020	2019 (Q4)	- / -0.64	-1.855	65.50% (+1.21)	―	―
May 07, 2020	2020 (Q1)	- / -1.70	-2.26	24.78% (+0.56)	―	―
Aug 06, 2020	2020 (Q2)	- / -1.02	-4.72	78.39% (+3.70)	―	―
Nov 05, 2020	2020 (Q3)	- / -0.62	-0.68	8.82% (+0.06)	―	―
Feb 10, 2021	2020 (Q4)	- / -0.54	-0.64	15.62% (+0.10)	―	―
May 05, 2021	2021 (Q1)	-0.56 / -0.06	-1.7	96.47% (+1.64)	―	―
Aug 04, 2021	2021 (Q2)	-0.52 / 0.58	-1.02	156.86% (+1.60)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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GB:0A1U Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 31, 2024	$79.85	$72.05	-9.77%
Aug 06, 2024	$57.65	$62.60	+8.59%
May 08, 2024	$71.40	$65.25	-8.61%
Feb 07, 2024	$70.00	$71.70	+2.43%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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