Uber Technologies Inc.


SKU: UBER-1 Category:


Uber delivered a mixed set of results as its revenues surpassed Wall Street expectations with gross bookings up 32% year over year. The company may have delivered a positive EBITDA over its guidance range as well as decent free cash flows but its overall bottom-line losses were wider than Wall Street expectations. The company’s performance isn’t bad given the unstable global economic environment and significant foreign exchange headwinds. Seasonal patterns are unchanged. As things start to open up, even lower-income riders continue to have more trips per rider, with no indications of slowing down. The management have also carefully examined Europe’s experience with inflation, with its economies, leading the Western world in terms of fragility. Moreover, their Delivery business accelerated a bit against Q2. Ordering frequency per monthly active platform user is still constant domestically and internationally. The company is sitting on the edge of a huge future revenue stream in the form of advertising as they also launched Uber Journey Ads to connect with consumers throughout the entire ride process. We remain neutral on their stock and give them a ‘Hold’ rating with a revised target price.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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