"Gross bookings grew 21% on a constant currency basis, consistent with trip growth." - Dara Khosrowshahi
— Dara Khosrowshahi
03Detailed Report
UBER
Uber Technologies Inc
Period
Q2 2024
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedMay 29, 2026
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Executive Summary
Uber Technologies Inc (UBER) reported its second-quarter results for 2024 on August 6, revealing a record revenue of $10.7 billion, representing a year-over-year increase of 15.93%. Over the quarter, adjusted EBITDA surged 71% year-over-year, signaling robust operational efficiency and customer demand. CEO Dara Khosrowshahi noted that despite potential macroeconomic headwinds, the company continues to experience strong consumer engagement and sees no signs of trading down among income cohorts. The operational flexibility of Uber's platform allows the company to expect continued growth while maintaining a focus on profitability. Key investments in autonomous vehicles (AVs) are anticipated to drive significant future growth, and recent strategic partnerships underscore this trajectory.
Key Performance Indicators
Revenue
Increasing
10.70B
QoQ: 5.62% | YoY: 15.93%
Gross Profit
Decreasing
3.36B
31.37% margin
QoQ: -15.29% | YoY: -9.64%
Operating Income
Increasing
942.00M
QoQ: 447.67% | YoY: 188.96%
Net Income
Increasing
1.02B
QoQ: 255.20% | YoY: 157.61%
EPS
Increasing
0.49
QoQ: 258.06% | YoY: 157.89%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue increased to $10.7 billion (YoY: +15.93%, QoQ: +5.62%); Net Income of $1.015 billion (YoY: +157.61%, QoQ: +255.20%); Operating Income rose to $942 million (YoY: +188.96%, QoQ: +447.67%); Adjusted EBITDA increased to $1.55 billion, demonstrating a significant operating leverage as gross bookings grew 21% year-over-year on a constant currency basis. Notably, the gross profit margin stood at 31.37%, marking a slight decline from previous periods, indicating the need for close monitoring of cost controls amid revenue growth.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
10.70B
15.93%
5.62%
Gross Profit
3.36B
-9.64%
-15.29%
Operating Income
942.00M
188.96%
447.67%
Net Income
1.02B
157.61%
255.20%
EPS
0.49
157.89%
258.06%
Key Financial Ratios
Gross Profit Margin
Fair
31.40%
Gross profit margin is moderate, room for improvement in cost management
Operating Profit Margin
Fair
8.80%
Operating margin is moderate, room for improvement in cost management
Net Profit Margin
Fair
9.49%
Net profit margin is moderate, room for improvement in cost management
Return on Assets
Weak
2.44%
Return on assets suggests inefficient capital allocation
Return on Equity
Fair
8.22%
Return on equity is acceptable but below top-tier companies
Current Ratio
Adequate
1.21
Current ratio meets minimum requirements but limited cushion