(Tiper Stock Exchange) – Ubera US giant active in car transport services and home deliveries, recorded Gross bookings up 19% to $30.7 billion in fourth quarter of 2022, with Mobility Gross Bookings of 14.9 billion (+31% YoY) and Delivery Gross Bookings of 14.3 billion (+6% YoY). Trips during the quarter grew 19% year over year to 2.1 billion, an all-time quarterly high, or about 23 million trips per day on average.
THE revenues they grew 49% to $8.6 billion (+59% on a constant currency basis). L’Adjusted EBITDA was $665 million, up $579 million year over year. The adjusted EBITDA margin it was 2.2%, up from 0.3% in the fourth quarter of 2021.
L’Net income was $595 million, which includes a net benefit of $756 million (before tax) primarily due to net unrealized gains related to the revaluation of Uber’s interests. L’earning per share it was $0.29.
The analysts they expected on average, according to Refinitiv data, an earnings per share of -0.18 dollars on revenues of 8.5 billion euros.
“We closed 2022 with ours strongest quarter everwith robust demand and record margins – said CEO Dara Khosrowshahi – Our global scale and unique platform benefits position us well to accelerate this momentum in 2023″. “In 2022, we have significantly exceeded our forecasts of profitability, with an incremental margin of 10% – underlined the CFO Nelson Chai – Another record year”.
For the first quarter 2023, Uber expects: Gross Bookings to grow 20% to 24% year over year, with an expected 3 percentage point headwind from FX, which translates into a range of $31 billion to $32 billion; adjusted EBITDA of $660 million to $700 million (well above the average analyst estimate of $593 million, according to Refinitiv data).
(Photo: Photo by Dan Gold on Unsplash)