Mobility Revenues in Q3 2021 benefited from a $123 million accrual release for the resolution of historical claims in the UK relating to the classification of drivers. Q3 2022 Gross Bookings includes contributions from the acquisition of Transplace which closed on November 12, 2021. Net cash provided by operating activities and free cash flow in Q3 2021 benefited by a net amount of $1.0 billion as a result of significant cash impacts related to a legacy auto insurance transfer. Net loss also includes a $2.0 billion net headwind (pre-tax) and a $512 million net headwind (pre-tax) from revaluations of Uber’s equity investments in Q3 2021 and Q3 2022, respectively. includes stock-based compensation expense of $281 million and $482 million in Q3 2021 and Q3 2022, respectively. Net loss attributable to Uber Technologies, Inc. See “Definitions of Non-GAAP Measures” and “Reconciliations of Non-GAAP Measures” sections herein for an explanation and reconciliations of non-GAAP measures used throughout this release. Net cash provided by operating activities (3) Monthly Active Platform Consumers (“MAPCs”) Gross Bookings to grow 23% to 27% YoY on a constant currency basis, with an expected 7 percentage point YoY currency headwind, translating to a range of $30.0 billion to $31.0 billionĪdjusted EBITDA of $600 million to $630 millionįinancial and Operational Highlights for Third Quarter 2022 “We remain focused on excellent execution and disciplined cost management to deliver on our growth and profitability commitments for the coming years.” "Strong demand for our offerings, better marketplace efficiency, and our asset-light platform helped to deliver Adjusted EBITDA well above our guidance, even as foreign exchange and inflationary headwinds impact all global businesses,” said Nelson Chai, CFO. “Even as the macroeconomic environment remains uncertain, Uber’s core business is stronger than ever.” “Our global scale and unique platform advantages are working together to drive more profitable growth, with Gross Bookings growth of 32% and record Adjusted EBITDA of $516 million,” said Dara Khosrowshahi, CEO. Unrestricted cash and cash equivalents were $4.9 billion at the end of the third quarter. Net cash provided by operating activities was $432 million, and free cash flow, defined as net cash flows from operating activities less capital expenditures, was $358 million. Adjusted EBITDA margin as a percentage of Gross Bookings was 1.8%, up from 0% in Q3 2021. Additionally, net loss includes $482 million in stock-based compensation expense.Īdjusted EBITDA of $516 million, up $508 million YoY. was $1.2 billion, which includes a $512 million net headwind (pre-tax) primarily due to net unrealized losses related to the revaluations of Uber’s equity investments. Revenue grew 72% YoY to $8.3 billion, or 81% on a constant currency basis, with Revenue growth significantly outpacing Gross Bookings growth due to the acquisition of Transplace by Uber Freight and a change in the business model for our UK Mobility business. Trips during the quarter grew 19% YoY to 1.95 billion, or approximately 21 million trips per day on average. Gross Bookings grew 26% year-over-year (“YoY”) to $29.1 billion, or 32% on a constant currency basis, with Mobility Gross Bookings of $13.7 billion (+38% YoY or +45% YoY constant currency) and Delivery Gross Bookings of $13.7 billion (+7% YoY or +13% YoY constant currency). (NYSE: UBER) today announced financial results for the quarter ended September 30, 2022.įinancial Highlights for Third Quarter 2022 Operating cash flow of $432 million Free cash flow of $358 million Mobility Gross Bookings, Adjusted EBITDA and Adjusted EBITDA margin at all-time quarterly highs Gross Bookings grew 26% year-over-year and 32% year-over-year on a constant currency basis
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