Summary by Moomoo AI
On February 7, 2024, Uber Technologies, Inc. reported its financial results for the fourth quarter of 2023, which ended on December 31, 2023. The company announced significant growth, with a 22% year-over-year increase in Gross Bookings, reaching $37.6 billion. This growth was driven by a 24% increase in trips and a 15% increase in Monthly Active Platform Consumers. Uber's net income for the quarter was reported at $1.4 billion, with income from operations at $652 million. The company also highlighted a record Adjusted EBITDA margin and strong cash flows, with operating cash flow at $823 million and free cash flow at $768 million. CEO Dara Khosrowshahi attributed the strong performance to Uber's platform advantages and disciplined investment in new growth opportunities. Looking ahead to the first quarter of 2024, Uber anticipates Gross Bookings between $37.0 billion and $38.5 billion, and Adjusted EBITDA between $1.26 billion and $1.34 billion.