U.S. markets closed
  • S&P 500

    3,870.29
    -31.53 (-0.81%)
     
  • Dow 30

    31,391.52
    -143.99 (-0.46%)
     
  • Nasdaq

    13,358.79
    -230.04 (-1.69%)
     
  • Russell 2000

    2,231.51
    -43.81 (-1.93%)
     
  • Crude Oil

    59.45
    -1.19 (-1.96%)
     
  • Gold

    1,737.30
    +14.30 (+0.83%)
     
  • Silver

    26.87
    +0.19 (+0.72%)
     
  • EUR/USD

    1.2098
    +0.0038 (+0.31%)
     
  • 10-Yr Bond

    1.4150
    -0.0310 (-2.14%)
     
  • GBP/USD

    1.3958
    +0.0037 (+0.27%)
     
  • USD/JPY

    106.6760
    -0.0540 (-0.05%)
     
  • BTC-USD

    47,516.39
    -1,046.33 (-2.15%)
     
  • CMC Crypto 200

    949.74
    -36.91 (-3.74%)
     
  • FTSE 100

    6,613.75
    +25.22 (+0.38%)
     
  • Nikkei 225

    29,408.17
    -255.33 (-0.86%)
     
  • Oops!
    Something went wrong.
    Please try again later.

Uber down in after-hours trading following revenue, EPS miss

  • Oops!
    Something went wrong.
    Please try again later.

Uber reported earnings that missed expectations. The ride-hailing company posted $3.17B in revenue and $.54 EPS, compared to consensus estimates of $3.58B and $.56 EPS. Yahoo Finance’s Emily McCormick joined Yahoo Finance Live to break down the other key metrics.

Video Transcript

SEANA SMITH: Uber is out with its earnings report. Emily McCormick has those details for us. Emily?

EMILY MCCORMICK: Seana, we are taking a look here at Uber's results, coming in better than expected on the bottom line, at least. We saw that adjusted EBITDA loss total, $454 million. It's better than the $509.9 million loss that had been expected.

And Uber also saying that it remains well on track to achieve its 2021 profit goals. And remember that Uber has previously said that it expects to turn a profit, a quarterly profit, on an adjusted EBITDA basis by the fourth quarter of 2021, so similar from what we've heard from pure ride-hailing giant Lyft earlier this week.

Now, taking a look here on the revenue side, we did see that top line missing expectations, that coming in at $3.17 billion, and a bit light compared to the $3.22 billion that had been expected. And those gross bookings also a bit light at $17.15 billion versus the $17.36 billion that had been anticipated.

Now, I do want to call attention to delivery gross bookings because those were up 130% in the fourth quarter. This is the third consecutive quarter that we've seen Uber's gross bookings more than double on a year-over-year basis. So that really is continuing to be the growth driver here for this company, as it is still seeing pressure on the mobility side here.

Taking a look at the stock action, we are seeing shares of Uber under a bit of pressure. Again, a miss on the top line, and those shares are down by about 2 and 1/2% in late trading. Seana and Adam?