Strong Growth in Gross Bookings
Uber reported a 21% year-over-year increase in gross bookings for Q4 2024, which exceeded their guidance and marked the fourth time in five quarters that they've achieved this level of growth.
Uber One Membership Expansion
Uber added five million new members to its Uber One program in Q4, bringing the total to 30 million, up nearly 60% year over year.
Adjusted EBITDA Growth
Adjusted EBITDA grew 60% year over year, surpassing their target of high thirties to forty percent CAGR.
High Free Cash Flow Conversion
The company achieved an annual free cash flow conversion as a percentage of EBITDA of 106%, exceeding their target of 90 plus percent.
Mobility Segment Growth
Mobility segment showed impressive growth with a 24% increase in Q4 on a constant currency basis, driven by supply incentives and operational efficiency.