Uber Technologies (UBER) Revenue — Quarter Ended Dec 31, 2023
Revenue for the reported quarter increased compared to both the prior quarter and the same period a year earlier. The company attributed the growth to higher Mobility and Delivery Gross Bookings, partially offset by a decline in Freight and the impact of business model changes in certain countries.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the reported quarter increased compared to both the prior quarter and the same period a year earlier. The company attributed the growth to higher Mobility and Delivery Gross Bookings, partially offset by a decline in Freight and the impact of business model changes in certain countries.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$9.9B
Revenue reported for this quarter.
Quarter-over-quarter
+6.9%
Change from the immediately preceding quarter.
Year-over-year
+15.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$37.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Mar 31, 2023 | $8.8B | +28.7% |
| Jun 30, 2023 | $9.2B | +14.3% |
| Sep 30, 2023 | $9.3B | +11.4% |
| Dec 31, 2023 | $9.9B | +15.4% |
Revenue performance
Sequentially, revenue rose from the preceding quarter. On an annual basis, revenue was higher than the same quarter last year.
Quarterly comparison
Compared to the immediately preceding quarter, revenue showed an increase. Compared to the same quarter one year earlier, revenue also grew.
What to watch
The ongoing decline in Freight Gross Bookings and the effect of business model changes on revenue recognition warrant attention.