"Gross bookings growth on a constant currency basis beat even our own expectations, coming in above the high end of our guidance."
— Dara Khosrowshahi
03Detailed Report
UBER
Uber Technologies Inc
Period
Q4 2024
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedMay 29, 2026
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Executive Summary
Uber Technologies Inc (UBER) delivered impressive financial results for Q4 2024, with revenues reaching $11.96 billion, a 20.36% year-over-year increase, and a solid gross profit margin of 39.51%. The company also reported a net income of $6.88 billion, significantly higher than previous quarters, showcasing a net income margin of 57.55%.
The fourth quarter highlights an acceleration in multi-product use among Uber consumers, which reached an all-time high of 37%. Additionally, the Uber One membership program expanded significantly, adding five million new members for a total of 30 million, indicating robust customer loyalty and demand. Despite faced with foreign exchange headwinds and fluctuating cost pressures, Uber’s performance exceeded internal expectations, indicating strong momentum as it enters 2025.
Profitability Metrics:
- Gross Profit: $4.73 billion
- Gross Profit Margin: 39.51%
- EBITDA: $1.2 billion (with a ratio of 9.99%)
- Operating Income: $770 million (Operating Margin: 6.44%)
- Net Income: $6.88 billion with a Net Income Margin of 57.55%
- Earnings Per Share (EPS): $3.27 (Diluted: $3.21)
Cash Flow and Balance Sheet Health:
- Operating Cash Flow: $1.75 billion
- Free Cash Flow: $1.71 billion
- Cash and Cash Equivalents: $5.89 billion
- Total Assets: $51.24 billion
- Total Liabilities: $28.77 billion
- Total Stockholders' Equity: $21.56 billion
Despite facing pressure from fluctuating currency values and ongoing operational challenges, Uber’s strategic investments into growth initiatives across Mobility, Delivery, and Freight segments are yielding strong results and point towards continued profitability in 2025.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
11.96B
20.36%
6.89%
Gross Profit
4.73B
21.81%
6.73%
Operating Income
770.00M
18.10%
-27.43%
Net Income
6.88B
381.67%
163.51%
EPS
3.27
373.91%
163.71%
Key Financial Ratios
Gross Profit Margin
Fair
39.50%
Gross profit margin is moderate, room for improvement in cost management
Operating Profit Margin
Fair
6.44%
Operating margin is moderate, room for improvement in cost management
Net Profit Margin
Excellent
57.60%
Net profit margin is exceptional, indicating strong pricing power and operational efficiency
Return on Assets
Good
13.40%
Return on assets shows solid performance and effective asset utilization
Return on Equity
Strong
31.90%
Return on equity demonstrates excellent capital efficiency and value creation
Current Ratio
Adequate
1.07
Current ratio meets minimum requirements but limited cushion
Debt to Equity
Moderate
0.46
Debt-to-equity indicates balanced capital structure with manageable debt
P/E Ratio
Value
4.61x
P/E ratio suggests potential undervaluation or stable earnings
Price to Book
Premium
5.89x
Trading at premium to book value, reflects strong intangibles or growth
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