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Uber Technologies | 10-K: FY2023 Annual Report

SEC ·  Feb 16, 2024 05:34

Summary by Moomoo AI

Uber Technologies has reported a robust financial performance for the year ended December 31, 2023. The company saw a 17% year-over-year increase in revenue, reaching $37.281 billion. This growth was driven by a 31% increase in Mobility Gross Bookings and a 14% increase in Delivery Gross Bookings. Net income attributable to Uber Technologies, Inc. was $1.887 billion, a significant improvement from the previous year's loss. Adjusted EBITDA also saw a substantial rise to $4.052 billion, marking a 137% increase from 2022. The company's Monthly Active Platform Consumers (MAPCs) grew by 15% to 150 million, and total trips increased by 24% to 9.448 million. Despite challenges in the Freight segment, which declined by 25%, Uber's Mobility and Delivery segments demonstrated strong revenue growth. The company's future plans include continued investment...Show More
Uber Technologies has reported a robust financial performance for the year ended December 31, 2023. The company saw a 17% year-over-year increase in revenue, reaching $37.281 billion. This growth was driven by a 31% increase in Mobility Gross Bookings and a 14% increase in Delivery Gross Bookings. Net income attributable to Uber Technologies, Inc. was $1.887 billion, a significant improvement from the previous year's loss. Adjusted EBITDA also saw a substantial rise to $4.052 billion, marking a 137% increase from 2022. The company's Monthly Active Platform Consumers (MAPCs) grew by 15% to 150 million, and total trips increased by 24% to 9.448 million. Despite challenges in the Freight segment, which declined by 25%, Uber's Mobility and Delivery segments demonstrated strong revenue growth. The company's future plans include continued investment in its Cybersecurity Program, which is overseen by Uber's Board of Directors and is a key part of its enterprise risk management. This program aims to manage risks from cybersecurity threats and includes regular assessments, third-party audits, and incident management. Uber's properties span 8.8 million square feet globally, with 2.0 million square feet dedicated to its corporate headquarters. The company is involved in various legal actions and government investigations but does not anticipate these to materially affect its financial position or liquidity. Uber's strategic focus remains on connecting consumers with ride services, merchants, delivery service providers, and public transportation networks, while also developing technologies to solve everyday problems.

This announcement is a separate document:

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Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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