Summary by Moomoo AI
Uber Technologies, Inc. (Uber) has announced its financial results for the year 2023, highlighting significant growth and profitability. The company reported a 20% increase in Gross Bookings, reaching $137.9 billion, and a net income of $1.9 billion. Adjusted EBITDA for the year was $4.1 billion, a 137% increase from the previous year. Uber also achieved its full-year GAAP operating profitability milestone and was added to the S&P 500 index ahead of schedule. The company's Mobility business saw a 32% increase in Gross Bookings, while the Delivery business grew by 15%. Uber's Freight business faced challenges due to market conditions but maintained cost discipline. The Board of Directors has proposed amendments to Uber's Certificate of Incorporation to align with Delaware law provisions regarding the exculpation of officers. Additionally, a stockholder proposal has been submitted requesting an independent third-party audit on driver health and safety, which Uber's Board recommends voting against, citing the company's existing comprehensive safety measures and reporting.
