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Benzinga
9 days

Uber Q4 Earnings: Revenue Beat, Growth In Rides, Delivery And Autonomous Tech, CEO Calls It Strongest Quarter

1. Uber's Q4 2024 revenue rose 20% to $11.96 billion, exceeding estimates. 2. Adjusted EPS of 23 cents missed consensus of 50 cents, leading to stock decline. 3. Mobility revenue surged 25% year-over-year, showcasing strong growth in ride services. 4. Monthly Active Platform Consumers increased 14% to 171 million, supporting user engagement. 5. Uber anticipates Q1 2025 gross bookings between $42.0-$43.5 billion.

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FAQ

Why Bearish?

Missed EPS targets typically lead to investor concern, affecting stock performance.

How important is it?

Significant earnings report with mixed results directly affects market perceptions of UBER.

Why Short Term?

Immediate stock reaction likely persists; however, growth aspects may stabilize it later.

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