Uber Q2 Earnings: Revenue And EPS Beat, 30M Trips Per Day, CEO Highlights Record Growth And More
Portfolio Pulse from Anusuya Lahiri
Uber Technologies, Inc (NYSE:UBER) reported strong Q2 2024 earnings, with revenue and EPS beating analyst estimates. The company saw significant growth in its Mobility and Delivery segments, and achieved record profitability. Uber's outlook for Q3 is also positive, with expected growth in gross bookings and adjusted EBITDA.
August 06, 2024 | 12:27 pm
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Uber reported strong Q2 2024 earnings, with revenue of $10.70 billion and GAAP EPS of 47 cents, both beating analyst estimates. The company saw significant growth in its Mobility and Delivery segments, and achieved record profitability. Uber's outlook for Q3 is also positive, with expected growth in gross bookings and adjusted EBITDA.
Uber's strong Q2 earnings report, with revenue and EPS beating estimates, indicates robust business performance. The significant growth in Mobility and Delivery segments, along with record profitability, is likely to positively impact the stock price in the short term. The positive outlook for Q3 further supports this view.
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