Uber reported a 16% Q2 2024 revenue increase to $10.70bn, exceeding estimates, with Mobility up 25% and Delivery up 8%.

Uber reported a 16% increase in Q2 2024 revenue, surpassing analysts' estimates, with $10.70bn exceeding consensus estimates of $10.57bn. The company's Mobility revenue grew 25% YoY to $6.13bn, Delivery increased 8% to $3.29bn, and Freight remained flat at $1.27bn. Gross Bookings grew 19% to $39.95bn. Uber expects Q3 gross bookings of $40.25bn to $41.75bn and adjusted EBITDA of $1.58bn to $1.68bn.

August 06, 2024
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