Uber and Lyft Boost Travel Industry: What's Next for Grab and BKNG?

$Uber(UBER)$ 's earnings exceeded expectations with a share buyback, achieving record highs.

Uber ended the year on a high, achieving its first annual profit as a public company.

Q4 revenues came in at $9.94 billion, registering a growth of 15.4% y/y, and beating analyst estimates by $174 million.

Q4 EPS of $0.66 beat analyst estimates by $0.49.

The company also managed to generate $768 million of free cash flow during the period.

On the other hand, $Lyft, Inc.(LYFT)$'s investor relations department made a blunder with their earnings release, causing the stock to initially surge before declining.

Gross Bookings of $3.7 billion grew 17% year-over-year.

Revenue of $1.2 billion grew 4% year-over-year.

Net loss of $26.3 million compares with a net loss $588.1 million in Q4’22. Net loss includes $93.3 million of stock-based compensation and related payroll tax expenses. Net loss as a percentage of Gross Bookings was (0.7%) and compares with (18.4%) in Q4’22.

Adjusted EBITDA of $66.6 million compares with $(248.3) million in Q4’22. Adjusted EBITDA margin (calculated as a percentage of Gross Bookings) was 1.8% and compares with (7.8%) in Q4’22.

Nevertheless, both Lyft and Uber had strong weeks, with investors showing confidence in the ridesharing market.

These results contribute to the positive outlook for the overall passenger ground transportation sector.

If we exclude regional factors, how would $Grab Holdings(GRAB)$'s financial report fare?

Another comparable stock, $Booking Holdings(BKNG)$, has steadily risen since its rebound. However, its high stock price can be seen as both an advantage and a disadvantage.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

178

12

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":276337405493264,"tweetId":"276337405493264","gmtCreate":1708506208577,"gmtModify":1708573306301,"author":{"id":9000000000000523,"idStr":"9000000000000523","authorId":9000000000000523,"authorIdStr":"9000000000000523","name":"VivianLau","avatar":"https://community-static.tradeup.com/news/2198c19b3e8cb76662d9e3a96221e6b1","vip":8,"userType":8,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":80,"starInvestorFlag":false},"themes":[],"images":[{"img":"https://community-static.tradeup.com/news/56258d4242144b359f831e88c20698b8","width":"560","height":"240"},{"img":"https://community-static.tradeup.com/news/6214a48f4d725e38209738aef60cbf23","width":"560","height":"240"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/56258d4242144b359f831e88c20698b8","width":"560","height":"240"}],"title":"Uber and Lyft Boost Travel Industry: What's Next for Grab and BKNG?","html":"<html><head></head><body><p> <a data-mention-id=\"UBER\" class=\"teditor-mention\" data-mention-name=\"Uber\" href=\"https://ttm.financial/S/UBER\">$Uber(UBER)$</a> 's earnings exceeded expectations with a share buyback, achieving record highs.</p><blockquote>Uber ended the year on a high, achieving its first annual profit as a public company. </blockquote><blockquote>Q4 revenues came in at $9.94 billion, registering a growth of 15.4% y/y, and beating analyst estimates by $174 million. </blockquote><blockquote>Q4 EPS of $0.66 beat analyst estimates by $0.49. </blockquote><blockquote>The company also managed to generate $768 million of free cash flow during the period.</blockquote><p style=\"text-align: start;\">On the other hand,  <a data-mention-id=\"LYFT\" class=\"teditor-mention\" data-mention-name=\"Lyft, Inc.\" href=\"https://ttm.financial/S/LYFT\">$Lyft, Inc.(LYFT)$</a>'s investor relations department made a blunder with their earnings release, causing the stock to initially surge before declining.</p><blockquote>Gross Bookings of $3.7 billion grew 17% year-over-year.</blockquote><blockquote>Revenue of $1.2 billion grew 4% year-over-year.</blockquote><blockquote>Net loss of $26.3 million compares with a net loss $588.1 million in Q4’22. Net loss includes $93.3 million of stock-based compensation and related payroll tax expenses. Net loss as a percentage of Gross Bookings was (0.7%) and compares with (18.4%) in Q4’22.</blockquote><blockquote>Adjusted EBITDA of $66.6 million compares with $(248.3) million in Q4’22. Adjusted EBITDA margin (calculated as a percentage of Gross Bookings) was 1.8% and compares with (7.8%) in Q4’22.</blockquote><p style=\"text-align: start;\">Nevertheless, both Lyft and Uber had strong weeks, with investors showing confidence in the ridesharing market.</p><p style=\"text-align: start;\">These results contribute to the positive outlook for the overall passenger ground transportation sector.</p><p style=\"text-align: start;\">If we exclude regional factors, how would  <a data-mention-id=\"GRAB\" class=\"teditor-mention\" data-mention-name=\"Grab Holdings\" href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$</a>'s financial report fare? <v-v data-views=\"1\"></v-v></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/56258d4242144b359f831e88c20698b8\" tg-width=\"560\" tg-height=\"240\"></p><p style=\"text-align: start;\">Another comparable stock, <a data-mention-id=\"BKNG\" class=\"teditor-mention\" data-mention-name=\"Booking Holdings\" href=\"https://ttm.financial/S/BKNG\">$Booking Holdings(BKNG)$</a>, <v-v data-views=\"1\"></v-v> has steadily risen since its rebound. However, its high stock price can be seen as both an advantage and a disadvantage.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/6214a48f4d725e38209738aef60cbf23\" tg-width=\"560\" tg-height=\"240\"></p><p></p></body></html>","htmlText":"<html><head></head><body><p> <a data-mention-id=\"UBER\" class=\"teditor-mention\" data-mention-name=\"Uber\" href=\"https://ttm.financial/S/UBER\">$Uber(UBER)$</a> 's earnings exceeded expectations with a share buyback, achieving record highs.</p><blockquote>Uber ended the year on a high, achieving its first annual profit as a public company. </blockquote><blockquote>Q4 revenues came in at $9.94 billion, registering a growth of 15.4% y/y, and beating analyst estimates by $174 million. </blockquote><blockquote>Q4 EPS of $0.66 beat analyst estimates by $0.49. </blockquote><blockquote>The company also managed to generate $768 million of free cash flow during the period.</blockquote><p style=\"text-align: start;\">On the other hand,  <a data-mention-id=\"LYFT\" class=\"teditor-mention\" data-mention-name=\"Lyft, Inc.\" href=\"https://ttm.financial/S/LYFT\">$Lyft, Inc.(LYFT)$</a>'s investor relations department made a blunder with their earnings release, causing the stock to initially surge before declining.</p><blockquote>Gross Bookings of $3.7 billion grew 17% year-over-year.</blockquote><blockquote>Revenue of $1.2 billion grew 4% year-over-year.</blockquote><blockquote>Net loss of $26.3 million compares with a net loss $588.1 million in Q4’22. Net loss includes $93.3 million of stock-based compensation and related payroll tax expenses. Net loss as a percentage of Gross Bookings was (0.7%) and compares with (18.4%) in Q4’22.</blockquote><blockquote>Adjusted EBITDA of $66.6 million compares with $(248.3) million in Q4’22. Adjusted EBITDA margin (calculated as a percentage of Gross Bookings) was 1.8% and compares with (7.8%) in Q4’22.</blockquote><p style=\"text-align: start;\">Nevertheless, both Lyft and Uber had strong weeks, with investors showing confidence in the ridesharing market.</p><p style=\"text-align: start;\">These results contribute to the positive outlook for the overall passenger ground transportation sector.</p><p style=\"text-align: start;\">If we exclude regional factors, how would  <a data-mention-id=\"GRAB\" class=\"teditor-mention\" data-mention-name=\"Grab Holdings\" href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$</a>'s financial report fare? <v-v data-views=\"1\"></v-v></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/56258d4242144b359f831e88c20698b8\" tg-width=\"560\" tg-height=\"240\"></p><p style=\"text-align: start;\">Another comparable stock, <a data-mention-id=\"BKNG\" class=\"teditor-mention\" data-mention-name=\"Booking Holdings\" href=\"https://ttm.financial/S/BKNG\">$Booking Holdings(BKNG)$</a>, <v-v data-views=\"1\"></v-v> has steadily risen since its rebound. However, its high stock price can be seen as both an advantage and a disadvantage.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/6214a48f4d725e38209738aef60cbf23\" tg-width=\"560\" tg-height=\"240\"></p><p></p></body></html>","text":"$Uber(UBER)$ 's earnings exceeded expectations with a share buyback, achieving record highs. Uber ended the year on a high, achieving its first annual profit as a public company. Q4 revenues came in at $9.94 billion, registering a growth of 15.4% y/y, and beating analyst estimates by $174 million. Q4 EPS of $0.66 beat analyst estimates by $0.49. The company also managed to generate $768 million of free cash flow during the period. On the other hand, $Lyft, Inc.(LYFT)$'s investor relations department made a blunder with their earnings release, causing the stock to initially surge before declining. Gross Bookings of $3.7 billion grew 17% year-over-year. Revenue of $1.2 billion grew 4% year-over-year. Net loss of $26.3 million compares with a net loss $588.1 million in Q4’22. Net loss includes $93.3 million of stock-based compensation and related payroll tax expenses. Net loss as a percentage of Gross Bookings was (0.7%) and compares with (18.4%) in Q4’22. Adjusted EBITDA of $66.6 million compares with $(248.3) million in Q4’22. Adjusted EBITDA margin (calculated as a percentage of Gross Bookings) was 1.8% and compares with (7.8%) in Q4’22. Nevertheless, both Lyft and Uber had strong weeks, with investors showing confidence in the ridesharing market. These results contribute to the positive outlook for the overall passenger ground transportation sector. If we exclude regional factors, how would $Grab Holdings(GRAB)$'s financial report fare? Another comparable stock, $Booking Holdings(BKNG)$, has steadily risen since its rebound. However, its high stock price can be seen as both an advantage and a disadvantage.","highlighted":1,"essential":1,"paper":2,"likeSize":178,"commentSize":0,"repostSize":12,"favoriteSize":0,"link":"https://ttm.financial/post/276337405493264","repostId":0,"isVote":1,"tweetType":1,"viewCount":1059,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["LYFT","GRAB","UBER","BKNG"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":1384,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/276337405493264"}