UBER Q3 2024 Earnings Report — Uber Technologies, Inc. Revenue & Financial Results | Market Cap Arena

Uber Technologies, Inc.UBER

Q3 2024 Earnings

Reported October 31, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2024	Q2 2024	Q3 2023	QoQ Change	YoY Change
Revenue	$11.2B	$10.7B	—	4.6%	—
Op. Income	$1.1B	$796M	—	33.3%	—
Gross Margin	39.6%	39.4%	—	0.2pp	—
Net Margin	23.3%	9.5%	—	13.9pp	—
EPS (Diluted)	$1.20	$0.47	—	155.3%	—
Free Cash Flow	$2.1B	$1.7B	—	22.5%	—

Revenue Flow

Item	Amount
REVENUE	$11.2B
Cost of Revenue	$6.8B
GROSS PROFIT	$4.4B
R&D Expenses	$774M
Selling & Marketing	$1.1B
General & Administrative	$630M
SG&A Expenses	$1.7B
Other Expenses	$866M
Operating Expenses	$3.4B
Cost & Expenses	$10.1B
OPERATING INCOME	$1.1B
Interest Income	$195M
Interest Expense	$143M
Other Income/Expenses	$1.7B
INCOME BEFORE TAX	$2.8B
Income Tax Expense	$158M
Net Income from Continuing Ops	$2.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.6B
Net Income Deductions	$18M
BOTTOM LINE NET INCOME	$2.6B
D&A	$186M
EBIT	$2.9B
EBITDA	$3.1B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$11.2B
Cost of Revenue	$6.8B
GROSS PROFIT	$4.4B
R&D Expenses	$774M
Selling & Marketing	$1.1B
General & Administrative	$630M
SG&A Expenses	$1.7B
Other Expenses	$866M
Operating Expenses	$3.4B
Cost & Expenses	$10.1B
OPERATING INCOME	$1.1B
Interest Income	$195M
Interest Expense	$143M
Other Income/Expenses	$1.7B
INCOME BEFORE TAX	$2.8B
Income Tax Expense	$158M
Net Income from Continuing Ops	$2.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.6B
Net Income Deductions	$18M
BOTTOM LINE NET INCOME	$2.6B
D&A	$186M
EBIT	$2.9B
EBITDA	$3.1B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$2.6B
Depreciation & Amortization	$186M
Stock-Based Compensation	$438M
Deferred Income Tax	$124M
Other Non-Cash Items	-$1.7B
Change in Working Capital	$511M
OPERATING CASH FLOW	$2.2B
Capital Expenditure	-$42M
Acquisitions (Net)	$0
Purchases of Investments	-$4.5B
Sales/Maturities of Investments	$1.9B
Other Investing Activities	-$82M
NET CASH FROM INVESTING	-$2.7B
Net Debt Issuance	$2.0B
Common Stock Repurchased	-$372M
Common Dividends Paid	$0
Other Financing Activities	$19M
NET CASH FROM FINANCING	$1.6B
FREE CASH FLOW	$2.1B
Net Change in Cash	$1.1B

Balance Sheet

Item	Amount
Cash & Equivalents	$7.1B
Short-Term Investments	$2.9B
Net Receivables	$4.2B
Inventory	$0
Other Current Assets	$681M
TOTAL CURRENT ASSETS	$15.3B
PP&E (Net)	$3.2B
Goodwill	$8.1B
Intangible Assets	$1.2B
Long-Term Investments	$17.0B
Tax Assets	$0
Other Non-Current Assets	$2.3B
TOTAL NON-CURRENT ASSETS	$31.8B
TOTAL ASSETS	$47.1B
Account Payables	$802M
Short-Term Debt	$806M
Deferred Revenue	$0
Other Current Liabilities	$7.9B
TOTAL CURRENT LIABILITIES	$10.8B
Long-Term Debt	$11.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$155M
Other Non-Current Liabilities	$7.1B
TOTAL NON-CURRENT LIABILITIES	$19.7B
TOTAL LIABILITIES	$30.6B
Common Stock	$0
Additional Paid-In Capital	$42.8B
Retained Earnings	-$27.6B
Treasury Stock	$0
Accum. Other Comp. Income	-$424M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$14.8B
Minority Interest	$1.8B
TOTAL EQUITY	$16.5B
TOTAL LIABILITIES & EQUITY	$47.1B
Total Debt	$13.3B
Net Debt	$6.2B