Uber's Q4 Gross Bookings Reach $37.6 Billion, Up 22% Year-Over-Year
Uber reported fourth-quarter earnings that beat analyst expectations, with revenue of $9.94 billion versus an estimated $9.76 billion and EPS of 66 cents vs an estimated 17 cents. Gross bookings were $37.6 billion, up 22% year-over-year. Monthly active platform consumers reached 150 million, up 15% year-over-year. CEO Dara Khosrowshahi said 2023 marked a year of "sustainable, profitable growth" for Uber. He attributed this success to a consumer trend of increased spending on services, such as dining out and attending events, which has positively impacted Uber's business.
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00:00 It's Benzinga and here's what's on the block. Uber reported fourth-quarter earnings that beat
00:04 analyst expectations with revenue of $9.9 billion versus an estimated $9.76 billion
00:09 and EPS of 66 cents versus an estimated 17. Gross bookings were up $37.1 billion, up 22%
00:16 year-over-year. Monthly active platform consumers reached 150 million, up 15% year-over-year.
00:21 CEO Dara Khashoggi said 2023 marked a year of sustainable, profitable growth for Uber.
00:26 He attributed this success to a consumer trend of increased spending of services,
00:30 such as dining out and attending events, which has positively impacted Uber's business.
00:33 For all things money, visit Benzinga.com.