Uber (UBER) Tops Q4 EPS by 3c

Uber (NYSE: UBER) reported Q4 EPS of ($0.64), $0.03 better than the analyst estimate of ($0.67). Revenue for the quarter came in at $4.07 billion versus the consensus estimate of $4.06 billion.

“2019 was a transformational year for Uber and I’m gratified by our progress, steadily delivering against the commitments we’ve made to our shareholders on our path to profitability,” said Dara Khosrowshahi, CEO. “We recognize that the era of growth at all costs is over. In a world where investors increasingly demand not just growth, but profitable growth, we are well-positioned to win through continuous innovation, excellent execution, and the unrivaled scale of our global platform.”

“Our revenue growth continued to accelerate in Q4, with adjusted net revenue up 43% year-over-year in constant currency,” said Nelson Chai, CFO. “We consistently outperformed our adjusted EBITDA targets in 2019, including in the fourth quarter. Our focus on disciplined capital allocation is part and parcel to achieving our financial goals, and the recent sale of our India Eats business further demonstrates that commitment.”

For earnings history and earnings-related data on Uber (UBER) click here.

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