Uber Technologies Reports Q2 Miss, While Revenue Beat Estimates


Uber Technologies, Inc. (NYSE:UBER) reported its Q2 results, with EPS of ($1.33) coming in worse than the Street estimate of ($0.27). Revenue came in at $8.1 billion, beating the Street estimate of $7.36 billion.
The company expects Q3/22 Gross Bookings to be in the range of $29.0-$30.0 billion, and adjusted EBITDA in the range of $440-$470 million.
Analysts at Deutsche Bank believe Street forward estimates for consolidated gross bookings estimates remain relatively unchanged, but the mix increasingly shifts towards Mobility, which has favorable margin implications. As such, the analysts raised their 2022/2023 EBITDA estimates to $1.6 billion/$3.2 billion from $1.3 billion/$3.2 billion, and note that the company’s 2024 $5 billion EBITDA target appears far more achievable (or even conservative) today than it appeared coming out of Q1 earnings.


Follow us on Google news for more updates and News










Full Disclaimer








>

FREE

Get the most important news and analyses for Free.

Thank you for subscribing.

Something went wrong.