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Uber Rose Over 10% in Premarket Trading As Its GAAP EPS Missed Estimate While Revenue Beat Estimate

Seeking Alpha2022-08-02

  • Its Revenue of $8.07B (+105.3% Y/Y)beats by $700M.
  • Shares +10.57%PM.
  • Gross Bookings reached an all-time high of $29.1 billion, up 33% year-over-year
  • Trips of 1.87 billion: Trips on the platform grew 24% YoY and 9% QoQ, with strong sequential growth in Mobility trips and stable Delivery trips.
  • Monthly Active Platform Consumers (“MAPCs”) reached 122 million: MAPCs grew 21% YoY and 6% QoQ to 122 million.
  • U4B Gross Bookings of $1.3 billion in Q2, up 41% YoY. Managed U4B, which is the actively managed portion of the business through Uber’s account managers and sales team, represented 29% of U4B Gross Bookings, compared to 25% in Q2 2021.
  • For Q3 2022, we anticipate: Gross Bookings of $29.0 billion to $30.0 billion; Adjusted EBITDA of $440 million to $470 million

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