Uber (NYSE:UBER) reported Q4 GAAP earnings per share of $3.21, exceeding expectations by $2.73. Revenue reached $11.96 billion, up 20.3% year-over-year (YoY) and beating estimates by $190 million.
Gross bookings rose 18% YoY to $44.2 billion, with Mobility and Delivery segments contributing $22.8 billion and $20.1 billion, respectively. The company completed 3.1 billion trips in the quarter, averaging 33 million daily. Uber posted $770 million in operating income, while adjusted EBITDA rose 44% to $1.8 billion.
Free cash flow stood at $1.7 billion, and Uber held $7.0 billion in cash and short-term investments at quarter-end. For Q1 2025, Uber forecasts gross bookings of $42.0 billion to $43.5 billion, reflecting 17%-21% YoY growth on a constant currency basis. Adjusted EBITDA is projected between $1.79 billion and $1.89 billion, marking 30%-37% YoY growth.
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