Uber Technologies Inc. announced on Tuesday its second-quarter earnings, with its revenue growing 16% compared to the same quarter in 2023 and landing at $10.7 billion. The figure came in higher than predicted by analysts. Net income was $1.0 billion, up from $394 million in the same trimester of 2023, with diluted earnings per share at $0.47, compared to $0.10 a year ago. Gross bookings increased 19% on a yearly basis, amounting to $40 billion, with trips rising 21% during the quarter to around 30 million trips per day on average.
"The Uber consumer has never been stronger--more people are using the platform, and more frequently, than ever before--while drivers and couriers earned a new all-time high of $17.9 billion over the quarter," CEO Dara Khosrowshahi said.
Uber's shares added 3.32% in premarket trade after the earnings release.
