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