Uber Technologies Stock Rides Higher On Q2 Performance: The Details
Portfolio Pulse from Anusuya Lahiri
Uber Technologies, Inc reported Q2 FY23 revenue growth of 14% YoY to $9.23 billion, slightly missing the consensus of $9.32 billion. Revenue from Mobility grew to $4.89 billion (+38% YoY), Delivery was $3.06 billion (+14% YoY), and Freight at $1.40 billion (-23% YoY). Uber's adjusted EPS of $0.02 beat the consensus loss of $(0.01). Uber expects Q3 Gross Bookings of $34.0 billion - $35.0 billion and Adjusted EBITDA of $0.975 billion - $1.025 billion.
August 01, 2023 | 12:39 pm
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Uber's Q2 FY23 revenue grew 14% YoY, slightly missing consensus. However, adjusted EPS beat the consensus loss. The company expects Q3 Gross Bookings of $34.0 billion - $35.0 billion and Adjusted EBITDA of $0.975 billion - $1.025 billion.
Uber's Q2 revenue growth and EPS beat are positive signs, despite slightly missing the consensus on revenue. The company's outlook for Q3 also indicates continued growth, which could positively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100