Uber CEO Dara Khosrowshahi Highlights Record Q2 With 21% Growth In Gross Bookings, 71% YoY Increase In Adjusted EBITDA, And Positive GAAP Operating Income; Addresses Consumer Strength, AV Partnerships, And Mobility Market Trends
Portfolio Pulse from Benzinga Newsdesk
Uber CEO Dara Khosrowshahi announced a record Q2 with 21% growth in gross bookings, a 71% YoY increase in adjusted EBITDA, and positive GAAP operating income. He also discussed consumer strength, AV partnerships, and mobility market trends.
August 06, 2024 | 12:45 pm
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Uber reported a record Q2 with significant growth in gross bookings and adjusted EBITDA, along with positive GAAP operating income. The CEO highlighted strong consumer demand, partnerships in autonomous vehicles, and positive trends in the mobility market.
The strong financial performance in Q2, including significant growth in gross bookings and adjusted EBITDA, along with positive GAAP operating income, indicates a positive short-term impact on Uber's stock price. The CEO's comments on consumer strength and AV partnerships further support a bullish outlook.
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