Skip to main content
Uber Technologies Inc (UBER)
Diversified Services Consumer Discretionary
Stock AI

Uber Technologies Inc. Reports Stellar Q4 and Full Year 2024 Financial Results

Last updated: February 05, 2025
Taurigo

New York, NY – February 5, 2025 - Uber Technologies, Inc. (NYSE: UBER) has announced its financial results for the fourth quarter and full year ended December 31, 2024, showcasing remarkable growth across key metrics. The company experienced a record demand in both its Mobility and Delivery segments, propelling its Gross Bookings faster than anticipated.

1. Record-Breaking Performance

CEO Dara Khosrowshahi emphasized the company's strong performance, stating, "Uber ended 2024 with our strongest quarter ever, as growth accelerated across Monthly Active Platform Consumers (MAPCs), trips, and Gross Bookings." He noted that this growth was fueled by "rapid innovation and execution across multiple priorities, including the massive opportunity presented by autonomous vehicles."

CFO Prashanth Mahendra-Rajah echoed this sentiment, highlighting that Uber exceeded its three-year outlook for Gross Bookings, Adjusted EBITDA, and free cash flow.

Fourth Quarter 2024 Financial Highlights

  • Gross Bookings: Increased by 18% year-over-year (YoY) to $44.2 billion, with Mobility Gross Bookings amounting to $22.8 billion (+18% YoY) and Delivery Gross Bookings at $20.1 billion (+18% YoY).
  • Revenue: Rose 20% YoY to $12.0 billion, with combined Mobility and Delivery revenue growing 23% YoY to $10.7 billion.
  • Income from Operations: Reached $770 million, up $118 million YoY.
  • Net Income: Attributed to Uber Technologies, Inc. was $6.9 billion, which included a $6.4 billion benefit from a tax valuation release.
  • Adjusted EBITDA: Grew 44% YoY to $1.8 billion, with an Adjusted EBITDA margin of 4.2%, up from 3.4% in Q4 2023.
  • Free Cash Flow: Recorded at $1.7 billion, a significant increase from the previous year.

Year-End Overview

For the full year 2024, Uber posted robust growth across several metrics:

  • Gross Bookings: Increased by 18% YoY to $162.8 billion.
  • Revenue: Rose 18% YoY to $43.98 billion.
  • Net Income: Achieved $9.9 billion, bolstered by a mix of tax valuation benefits and unrealized gains on equity investments.
  • Free Cash Flow: Grew by 105% YoY to $6.9 billion.

2. Operational Successes

Uber's operational performance was equally impressive, with MAPCs rising 14% YoY to 171 million and trips on the platform increasing 18% YoY to 3.1 billion. The company also highlighted its significant progress in autonomous vehicle technology, launching autonomous ride-hailing services in Abu Dhabi and utilizing autonomous robots for delivery services in various markets.

Innovations and Strategic Partnerships

The company made strategic moves to enhance its service offerings and expand its market reach:

  • Autonomous Vehicles: Launched autonomous ride-hailing services and delivery robots, marking a key milestone in Uber's operational strategy.
  • Membership Growth: The Uber One membership base surged to 30 million, growing approximately 60% YoY.
  • New Partnerships: A new exclusive partnership with Delta Airlines will allow Uber customers to earn Delta SkyMiles on qualifying rides and orders, enhancing customer loyalty.

3. Outlook for Q1 2025

Looking ahead, Uber anticipates continued growth in Q1 2025, projecting Gross Bookings growth of 17% to 21% YoY, translating to about $42.0 billion to $43.5 billion. The company also expects Adjusted EBITDA to range between $1.79 billion and $1.89 billion, representing a 30% to 37% YoY increase.

4. Conclusion

Uber's impressive fourth quarter and full-year results underscore its resilience and adaptability in a competitive market. With a focus on innovation, strategic partnerships, and an eye toward future opportunities, Uber enters 2025 with strong momentum. As Khosrowshahi stated, the company will "continue to be relentless against our long-term strategy," indicating a commitment to sustained growth and market leadership.

For more information, interested parties can access the earnings call and related materials on Uber's investor relations website.

You may also be interested in:
Copyright ©2026 Taurigo GmbH. All rights reserved.Taurigo GmbH provides no investment advice. Any analyses, research, ideas, prices, or other information contained on this website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice. We assume no responsibility for the accuracy, completeness or timeliness of any financial information contained on this site. In particular, we do not constitute an invitation to buy, sell or hold securities or other financial products. We shall not be liable for any loss or damage, including without limitation loss of profits, arising directly or indirectly from use of or reliance on the provided information. Before making any investment decision, you should consider whether it is suitable for your situation and obtain appropriate financial, tax and legal advice.