The following is a summary of the Uber Technologies Inc. (NYSE:UBER) Q2 2024 Earnings Conference Call August 6, 2024 8:00 AM ET:

Financial Performance:

• Uber reported a record quarter with gross bookings growing 21% on a constant currency basis, driven by a 14% increase in audience and a 6% increase in frequency.

• Adjusted EBITDA grew 71% year-on-year, and the company generated record quarterly GAAP operating income.

Business Progress:

• Uber is expanding its EV fleet through a partnership with BYD, aiming to bring over 100,000 new BYD EVs onto the platform across key global markets.

• The company is in late-stage discussions with additional global AV players to join its platform, with more announcements expected in the coming weeks and months.

Opportunities:

• Uber's delivery business continues to grow, with a significant increase in grocery and retail segments. The company sees a long runway for growth in online food delivery and is just getting started in grocery and retail, which has a larger TAM than online food delivery.

Risks:

• While Uber is confident in its ability to perform well in a recession due to the countercyclical nature of its platform, there is uncertainty about how a potential economic downturn could impact consumer behavior and demand for Uber's services.

More details: Uber Technologies IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.