Uber Reports First Quarter 2019 Results
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Susquehanna Reiterates Neutral Rating on Uber Inc. (UBER)
May 31, 2019 7:02 AM EDTSusquehanna analyst Shyam Patil reiterated a Neutral rating and $42.00 price target on Uber Inc. (NYSE: UBER) following the company's 1Q earnings report. There were no surprises for 1Q, given the preliminary results, though the company chose not to provide forward looking guidance.... More
Uber (UBER) Reports Q1 Revenue of $2.76 Billion, 41% YoY growth of Gross Bookings in Q1
May 30, 2019 4:08 PM EDTUber (NYSE: UBER) reported Q1 revenue of $2.76 billion, versus $2.42 billion reported last year.
Adjusted EBITDA loss of $869 Million
41% YoY growth of Gross Bookings in Q1 2019 (at constant currency and excluding the impact of our 2018 Divested Operations):Demonstrating the power of our Platform, total company gross bookings grew 41% YoY (at constant currency and excluding the impact of divestitures that closed in Q1 2018) similar to Q4 2018s 43% YoY. Foreign currency negatively impacted reported gross bookings growth by 7% in Q1 2019 and 6% in Q4 2018.Core Platform loyalty program launched nationally in the US: Uber... More