The company reported adjusted Ebitda of $364 million, compared with an adjusted Ebitda loss of $509 million in the prior-year period. Revenue more than doubled to $8.1 billion from $3.93 billion in the year-ago quarter.Īnalysts surveyed by FactSet had forecast a loss of 27 cents a share on revenue of $7.36 billion. Uber said the loss included $1.7 billion in losses related to the revaluation of its Aurora, Grab and Zomato stakes. That compared with net income of $1.14 billion, or 58 cents a share, in the year-ago period. Uber also reported free cash flow of $382 million, beating expectations of $106.7 million, though it posted a second-quarter loss of $2.6 billion, or $1.33 a share. “When we look at the competitive environment, this is the strongest we’ve felt since and I have been here,” said Dara Khosrowshahi, Uber’s chief executive, on a conference call with analysts Tuesday morning. Analysts expected $12.64 billion in rides gross bookings and $14.49 billion in delivery gross bookings. Delivery gross bookings were $13.9 billion, up from $12.91 billion in the first quarter last year. Mobility, or rides, gross bookings were $13.4 billion, compared with $8.64 billion in the year-ago period. Uber reported growth across its business year over year, with overall gross bookings of $29.1 billion, beating analysts’ expectation of $28.93 billion. Also saw a bump in their shares, with ride-hailing company Lyft’s stock closing the day more than 16% higher and delivery-platform company DoorDash shares closing up more than 5%.

Morning after dark download free