Uber Sees Q3 2024 Gross Bookings $40.25B-$41.75B
Portfolio Pulse from Benzinga Newsdesk
Uber has provided its outlook for Q3 2024, expecting gross bookings between $40.25 billion and $41.75 billion, representing 18% to 23% YoY growth on a constant currency basis. The company also anticipates an adjusted EBITDA of $1.58 billion to $1.68 billion, reflecting 45% to 54% YoY growth. However, a strong US dollar is expected to create a $400 million headwind to gross bookings.
August 06, 2024 | 10:58 am
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Uber's Q3 2024 outlook projects gross bookings of $40.25B-$41.75B, with 18%-23% YoY growth, and adjusted EBITDA of $1.58B-$1.68B, up 45%-54% YoY. A strong USD is expected to create a $400M headwind.
The positive growth outlook for gross bookings and adjusted EBITDA indicates strong operational performance, which is likely to boost investor confidence and positively impact Uber's stock price. However, the strong USD creating a $400M headwind could slightly temper the enthusiasm.
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RELEVANCE 100