(BFM Bourse) – The chauffeur-driven vehicle reservation platform posts annual accounts in the green for the first time since its IPO in May 2019.
The chauffeur-driven vehicle (VTC) and meal delivery reservation platform Uber announced on Wednesday February 7 an annual net profit for the first time since its IPO in 2019.
The American group generated a net profit of $1.9 billion in 2023, compared to a loss of $9.1 billion in 2022, according to a press release. That year, the company was penalized by a devaluation of its assets of around $7 billion.
For all of 2023, Uber earned $37.3 billion in revenue, an increase of 17% and more than expected by Wall Street.
In the fourth quarter alone, the Californian company published a net profit of $1.4 billion (+140%), including $1 billion linked to the upward revaluation of equity investments.
150 million monthly active users
“2023 was an inflection point for Uber, proving that we can continue to generate strong, profitable growth at scale,” said Dara Khosrowshahi, CEO of Uber, quoted in the press release.
“Our audience is larger and more engaged than ever, with our platform powering an average of nearly 26 million daily trips last year.”
The total amount of reservations made from the application reached $37.6 billion in the fourth quarter (+22% year-on-year).
The “Mobility” branch (reservation of cars with driver, which represents the majority of revenue) was particularly buoyant (+29%). The “Delivery” branch (home delivery of meals via the Uber Eats application) also performed well (+19%). Freight activities, which are less important, conversely fell by 17% over the period, due to a difficult environment for the sector, explains the group in its press release.
At the end of 2023, Uber had 150 million monthly active users, an increase of 15% compared to the end of 2022.
(With AFP)
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