Uber (UBER) Tops Q2 EPS by 16c, Beats on Revenue; Offers Q3 Guidance

(Updated - August 6, 2024 6:57 AM EDT)

Uber (NYSE: UBER) reported Q2 EPS of $0.47, $0.16 better than the analyst estimate of $0.31. Revenue for the quarter came in at $10.7 billion versus the consensus estimate of $10.57 billion.

GUIDANCE:

For Q3 2024, Uber guides:

Gross Bookings of $40.25 billion to $41.75 billion, which represents 18% to 23% YoY growth on a constant currency basis.

Our outlook assumes a roughly 4 percentage point currency headwind to total reported YoY growth, including a roughly 7 percentage point currency headwind to Mobility’s reported YoY growth.
For perspective, recent strengthening of the US dollar versus other currencies represents an over $400 million expected headwind to Q3 Gross Bookings and is included in our outlook.

Adjusted EBITDA of $1.58 billion to $1.68 billion, which represents 45% to 54% YoY growth.

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

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