Uber Technologies Inc (UBER) Q4 2023 Earnings Report

Next: Q1 2024

Uber Technologies Inc

UBER

$92.28 1.06%

Exchange: NYSE | Sector: Technology | Industry: Software Application

Q4 2023

Published: Feb 15, 2024

Earnings Highlights

Revenue of $9.94B up 15.4% year-over-year
EPS of $0.66 increased by 130% from previous year
Gross margin of 39.0%
Net income of 1.43B
""We can continue to generate strong profitable growth at scale. These results in our Q1 outlook demonstrate that we're starting 2024 with tremendous momentum and reliable execution."" - Dara Khosrowshahi

UBER

Uber Technologies Inc

Period Q4 2023

Currency USD

Report Type Quarterly Earnings

Generated Dec 8, 2025

Executive Summary

Uber Technologies Inc (UBER) delivered an impressive performance in Q4 2023, reporting revenues of $9.94 billion, representing a year-over-year increase of 15.4%. Successfully leveraging the momentum from strong trip growth of 24%, the company achieved a notable net income of $1.43 billion, marking a remarkable 140.2% increase year-over-year. The Q4 results capped off a transformative year for Uber, highlighting its ability to drive profitable growth at scale while maintaining strong operational efficiency across its Mobility and Delivery segments. Management reiterated their confidence in Uber's strategic focus on enhancing driver engagement and expanding service offerings, anticipating continued growth in 2024 with a clearer roadmap for innovation and product diversification.

Key Performance Indicators

Revenue

Increasing

9.94B

QoQ: 6.93% | YoY: 15.44%

Gross Profit

Increasing

3.88B

39.04% margin

QoQ: 5.81% | YoY: 17.55%

Operating Income

Increasing

652.00M

QoQ: 65.48% | YoY: 1 073.13%

Net Income

Increasing

1.43B

QoQ: 546.61% | YoY: 140.17%

EPS

Increasing

0.69

QoQ: 527.27% | YoY: 130.00%

Revenue Trend

Margin Analysis

Financial Highlights

Key Financial Metrics (USD)
- Revenue: $9,936,000,000 (YoY: 15.4%, QoQ: 6.9%)
- Net Income: $1,429,000,000 (YoY: 140.2%, QoQ: 546.6%)
- Gross Profit: $3,879,000,000 (YoY: 17.6%, QoQ: 5.8%)
- Operating Income: $652,000,000 (YoY: 1073.1%, QoQ: 65.5%)
- EPS: $0.69 (YoY: 130.0%, QoQ: 527.3%)
The company's gross profit margin stood at 39.0%, reflecting solid management of cost of revenue, which was reported at $6.06 billion. Total operating expenses, however, remain a point of optimization, with significant expenses in research and development ($784 million) and selling and marketing ($935 million) indicating ongoing investments in growth sectors.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	9.94B	15.44%	6.93%
Gross Profit	3.88B	17.55%	5.81%
Operating Income	652.00M	1 073.13%	65.48%
Net Income	1.43B	140.17%	546.61%
EPS	0.69	130.00%	527.27%

Key Financial Ratios

Gross Profit Margin

Fair

39.00%

Gross profit margin is moderate, room for improvement in cost management

Operating Profit Margin

Fair

6.56%

Operating margin is moderate, room for improvement in cost management

Net Profit Margin

Good

14.40%

Net profit margin is healthy and competitive within industry standards

Return on Assets

Fair

3.69%

Return on assets is acceptable but below top-tier companies

Return on Equity

Good

12.70%

Return on equity shows solid performance and effective asset utilization

Current Ratio

Adequate

1.20

Current ratio meets minimum requirements but limited cushion

Debt to Equity

Elevated

0.89

Debt-to-equity shows significant leverage, monitor debt levels

P/E Ratio

Fair Value

22.20x

P/E ratio in line with market averages

Price to Book

High Premium

11.28x

Very high premium suggests asset-light business model or lofty expectations

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q4 2024	11,959.00	3.21	+20.4%	View
Q3 2024	11,188.00	1.21	+20.4%	View
Q2 2024	10,700.00	0.47	+15.9%	View
Q1 2024	10,131.00	-0.31	+14.8%	View
Q4 2023	9,936.00	0.66	+15.4%	View

Uber Technologies Inc (UBER) Q4 2023 Earnings Report

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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