Aug. 5 at 4:04 PM
UBER down over 10% from recent
$74 price level!! 😬
$UBER earnings weren't as bad as the market reaction suggests.
✅ EPS:
$0.81 vs
$0.80 estimate
❌ Revenue:
$14.19B vs
$14.24B expected (slight miss)
✅ Gross Bookings:
$58B, up 24% YoY
✅ Trips: 3.9B, up 18% YoY
✅ Adjusted EBITDA:
$2.82B, up 33% YoY
My take: UBER earnings weren't bad actually pretty solid. EPS beat, bookings grew 24%, trips hit records, and EBITDA jumped 33%. The selloff looks more like a reaction to slowing growth and softer guidance rather than a broken story. Uber's fundamentals are still strong.
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