UBER’S SHOCKING SLIDE: STOCK PLUMMETS 7% AFTER MIXED QUARTERLY RESULTS!
Buckle Up, It’s a Bumpy Ride! While Uber dazzled with record-breaking revenue and a jaw-dropping growth spurt, the ride-hailing giant took a nosedive as its share prices plummeted nearly 7% following a tumultuous earnings report! Investors were left gasping as Uber beat revenue expectations but utterly failed to meet earnings per share (EPS) targets while serving up disappointing forecasts for the future.
Revenue ROCKETS but EPS FLATLINES! Here’s the inside scoop:
- Earnings Per Share: Staggering 23 cents adjusted — a world away from the staggering 50 cents analysts were banking on.
- Revenue: A whopping $11.96 billion! That’s way over the $11.77 billion prediction!
But will this be enough to revive faith in the beleaguered company?
$6.9 BILLION NET INCOME DREAM! Uber’s net income was a phenomenal $6.9 billion ($3.21 per share), a colossal leap from $1.4 billion (66 cents per share) from last year. But hold your horses — that mind-blowing net income included a hefty $6.4 billion from tax tricks and $556 million from equity bonanzas! Adjusted figures still look shaky.
GROSS BOOKINGS GO BOOM! Uber raked in $44.2 billion in gross bookings — smashing the forecast of $43.49 billion! With adjusted EBITDA at an impressive $1.84 billion — meeting analyst forecasts — Uber seems to have big plans. But don’t pop the champagne just yet!
WHAT’S NEXT? For the first quarter, Uber is anticipating gross bookings between $42 to $43.5 billion, but analysts expected a heftier $43.51 billion. Will this trend signal a frantic fight for survival?
CEO SPILLS THE BEANS! Uber CEO Dara Khosrowshahi boasted about the company’s "relentless" drive for innovation and highlighted the potential jackpot in autonomous vehicles. However, he warned that these innovations might take eons to materialize due to restrictive regulations.
ROBOTAXIS ARE COMING! In a thrilling twist, Uber is revving up for a robotaxi launch in Austin, Texas, thanks to a daring partnership with Alphabet’s Waymo! Starting NOW, locals can join the “interest list” for a shot at a hands-free ride. Autonomy is just around the corner, but will it be worth the wait?
TURBULENCE AHEAD! With 3.1 billion trips completed in the last quarter (up 18%!), and a 171 million customer base (up 14%), Uber’s growth stats impress… but can they keep drivers on board?
A TRIFECTA OF MIXED BUSINESS! Buckle up for the numbers:
- Mobility Gross Bookings: $22.8 billion – up 18%!
- Delivery Gross Bookings: $20.1 billion – also up 18%!
- Freight Revenue: Flat at $1.28 billion — yikes!
Tune in for Uber’s investor call at 8 a.m. ET, where they’ll twist the knife or soothe the wounds. Will Uber wow us, or has the ride hit a full-stop? Keep your eyes glued — the drama is just heating up!
