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Uber Technologies Inc. reported fourth-quarter revenue that surpassed expectations but cautioned that a strong US dollar could negatively impact its business in the first quarter of 2025.
In a statement released today, Feb. 5, CEO Dara Khosrowshahi said that the Q4 results highlight the company’s ability to sustain consistent growth at scale, with driver earnings of $16.6 billion continuing to outpace total revenue growth.
For Q1 2025, the ride-hailing company expects total bookings to range between $42 billion and $43.5 billion, incorporating an estimated 5.5% impact from the strong dollar.
Additionally, Uber anticipates a slight increase in US ride prices this year as insurance costs are passed on to riders.
|
Q4 2024 Financials |
||||
|
Item |
Q4 2024 |
Q4 2023 |
Forecast |
Change YoY (%) |
|
Total Bookings ($ bln) |
44.197 |
37.575 |
-- |
+18% |
|
Revenue ($ bln) |
11.959 |
9.936 |
11.77 |
+20% |
|
Free Cash Flow ($ bln) |
1.706 |
0.768 |
-- |
+122% |
|
Operating Income ($ mln) |
770 |
652 |
1,190 |
+18% |
|
FY 2024 Financials |
||||
|
Item |
FY 2024 |
FY 2023 |
Forecast |
Change YoY (%) |
|
Total Bookings ($ bln) |
162.77 |
137.86 |
-- |
+18% |
|
Revenue ($ bln) |
43.978 |
37.281 |
-- |
+18% |
|
Free Cash Flow ($ bln) |
6.89 |
3.36 |
-- |
+105% |
|
Operating Income ($ bln) |
2.79 |
1.11 |
-- |
+152% |
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