Uber Technologies (NYSE:UBER) First Quarter 2024 Results

Key Financial Results

• Revenue: US$10.1b (up 15% from 1Q 2023).
• Net loss: US$654.0m (loss widened by 317% from 1Q 2023).
• US$315 loss per share (further deteriorated from US$0.078 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Uber Technologies EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Transportation industry in the US.

Performance of the American Transportation industry.

The company's shares are down 2.1% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Uber Technologies that you should be aware of.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.