includes stock-based compensation expense of $172 million in 2018 and $4.6 billion in 2019. Net loss attributable to Uber Technologies, Inc. includes stock-based compensation expense of $25 million in Q4 2018 and $243 million in Q4 2019.įull Year 2019 Financial and Operational Highlights See “Definitions of Non-GAAP Measures” and “Reconciliations of Non-GAAP Measures” sections herein for an explanation and reconciliations of non-GAAP measures used throughout this release. GAAP Net loss attributable to Uber Technologies, Inc. Monthly Active Platform Consumers (“MAPCs”) Our focus on disciplined capital allocation is part and parcel to achieving our financial goals, and the recent sale of our India Eats business further demonstrates that commitment.”įourth Quarter 2019 Financial and Operational Highlights “We consistently outperformed our adjusted EBITDA targets in 2019, including in the fourth quarter. “Our revenue growth continued to accelerate in Q4, with adjusted net revenue up 43% year-over-year in constant currency,” said Nelson Chai, CFO. In a world where investors increasingly demand not just growth, but profitable growth, we are well-positioned to win through continuous innovation, excellent execution, and the unrivaled scale of our global platform.” “We recognize that the era of growth at all costs is over. “2019 was a transformational year for Uber and I’m gratified by our progress, steadily delivering against the commitments we’ve made to our shareholders on our path to profitability,” said Dara Khosrowshahi, CEO. Unrestricted cash, cash equivalents and short-term investments were $11.3 billion. Rides Adjusted EBITDA delivered a $742 million profit and 24.3% margin as a percentage of Rides revenue, or 24.4% margin as a percentage of Rides ANR, covering our Corporate G&A and Platform R&D cost by $98 million, and achieving absolute dollar and margin improvement in every quarter of 2019.Įats Adjusted EBITDA of $(461) million, driven by increased investments in several key markets that delivered category position improvement.Īdjusted EBITDA of $(615) million, reflecting year-over-year margin improvement of over $200 million. of $1.1 billion, which includes $243 million in stock-based compensation expense. Take rates expanded over 200 bps and 300 bps year-over-year for Rides and Eats, respectively. Revenue grew 37% year-over-year, or 39% on a constant currency basis, up from 30% in the third quarter of 2019.Īdjusted Net Revenue (“ANR”) grew 41% year-over-year, or 43% on a constant currency basis, despite seasonal impacts on both Rides and Eats ANR take rates. Gross Bookings grew $4.0 billion year-over-year to $18.1 billion, representing 28% year-over-year growth, or 30% on a constant currency basis, with Rides and Eats growing 20% and 73% year-over-year, respectively, on a constant currency basis. (NYSE: UBER) today announced financial results for the fourth quarter and full year ended December 31, 2019.įinancial Highlights for Fourth Quarter 2019 Rides Adjusted EBITDA of $742 million, with continued margin expansion Revenue of $4.1 billion, growing 37% year-over-year or 39% on a constant currency basis
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |