Uber Technologies reported its fourth-quarter 2024 financial results on February 5, 2025, surpassing market expectations for revenue and gross bookings. The company's total revenue grew 20% year-over-year to $10.68 billion, exceeding estimates. Gross bookings reached $44.2 billion, also above analysts' projections, driven by strong holiday season demand in both ride-hailing and delivery segments.
Net income attributable to Uber Technologies Inc. was $6.9 billion, or $3.21 per share, a significant increase from $1.4 billion, or 66 cents per share, in the prior year. This figure included a $6.4 billion benefit from a tax valuation release and a $556 million pre-tax benefit from equity investment revaluations. Adjusted EBITDA grew 44% year-over-year to $1.84 billion, aligning with analyst expectations.
However, Uber's guidance for the first quarter of 2025 was softer than anticipated, with expected gross bookings between $42 billion and $43.5 billion, below StreetAccount estimates of $43.51 billion. Adjusted EBITDA guidance for Q1 2025 was set between $1.79 billion and $1.89 billion, also below analyst expectations. The company also announced the public launch of robotaxi rides in Austin, Texas, through its partnership with Alphabet's Waymo, allowing customers to join an interest list for the service.
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