Summary by Moomoo AI
Uber Technologies, Inc. announced that 2023 was a standout year, achieving record profits and reaching full-year GAAP operating profitability for the first time. The company's Gross Bookings grew by 20% to $137.9 billion, and net income reached $1.9 billion, including a $1.6 billion net benefit from equity investments revaluations. Adjusted EBITDA was reported at $4.1 billion, a 137% increase year-over-year. Uber's Mobility business saw Gross Bookings increase by 32%, while the Delivery business grew by 15%. The company also made regulatory progress, affirming Driver independence in the U.S. through legislation in three states and signing collective bargaining agreements in France. Uber's Board authorized a $7 billion repurchase of common stock, reflecting confidence in the company's financial momentum. The announcement also highlighted the...Show More
