Summary by Moomoo AI
Uber Technologies reported a robust financial performance for the second quarter of 2024, with significant year-over-year growth. The company's revenue increased by 16% to $10.7 billion, while net income attributable to Uber Technologies, Inc. surged by 158% to $1.015 billion. Operating profit saw a remarkable 144% increase to $796 million, and Adjusted EBITDA rose by 71% to $1.570 billion. These financial gains were driven by a 14% growth in Monthly Active Platform Consumers (MAPCs) and a 21% increase in Trips. Gross Bookings also grew by 19% to $39.952 billion, reflecting higher Mobility Trip volumes and Delivery service demand. Uber's Mobility segment experienced a 25% revenue increase, while Delivery revenue grew by 8%. However, Freight revenue remained flat. The company's financial health was further evidenced by an 80% increase in net cash...Show More
