Uber Technologies: Expanding Network & Geographic Penetration To Shape the Future!

The fourth quarter and full year 2024 earnings report for Uber Technologies Inc. presents several key points pertinent to an investment thesis. Uber delivered growth across several metrics, surpassing its expectations and the guidance provided to investors a year prior. Gross bookings grew by 21% on a constant currency basis, exceeding the projected mid- to high-teens growth rate. Meanwhile, Adjusted EBITDA increased by 60% year-over-year, above the anticipated high 30s to 40% compound annual growth rate (CAGR).