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Uber Technologies Inc

UBER

$70.40 -0.73% Quote May 29, 8:00 PM

Exchange NYSE Sector Technology Industry Software Application

Q4 2023

Reported

Published: Feb 15, 2024

Data: Financial Modeling Prep

Company Status Snapshot

Fast view of the latest quarter outcome for UBER

Report Date

Feb 15, 2024

Quarter Q4 2023

Revenue

9.94B

YoY: +15.4%

EPS

0.66

YoY: +130.0%

Market Move

-0.73%

Previous quarter: N/A

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Earnings Highlights

Gross Margin

39.0%

Net Income

1.43B

YoY: +140.2%

"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 May 29, 2026

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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

Source & Methodology

Data provider: Financial Modeling Prep (FMP). Figures are pulled directly from filed company reports.
Year-over-year (YoY): Each line is compared to the same fiscal quarter one year prior; figures sourced from the company's own filings.
Quote freshness: The price shown above the report is a live quote, separate from the as-filed report numbers. Live quotes can lag a few minutes.
Time zone: Report dates and timestamps follow the company's filing time zone unless otherwise noted.

Uber Technologies Inc (UBER) Q4 2023 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Historical Earnings Comparison

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