Summary
Uber Technologies, Inc. reported its third-quarter 2019 financial results, showing continued growth in key metrics like Monthly Active Platform Consumers (MAPCs) and Gross Bookings. Revenue increased by 30% year-over-year to $3.8 billion, driven by strong performance in the Rides and Eats segments, with Eats revenue showing particularly robust growth of 64%. Despite top-line growth, Uber continued to experience significant operating losses, with a net loss attributable to Uber Technologies, Inc. of $1.16 billion for the quarter. This loss was exacerbated by a substantial increase in research and development expenses, largely due to stock-based compensation related to the company's recent Initial Public Offering (IPO) in May 2019. The company ended the quarter with a strong cash position of $12.7 billion in unrestricted cash and cash equivalents, providing significant liquidity.
Financial Highlights
53 data points| Revenue | $3.81B |
| R&D Expenses | $755.00M |
| Operating Expenses | $4.92B |
| Operating Income | -$1.11B |
| Interest Expense | $90.00M |
| Net Income | -$1.16B |
| EPS (Basic) | $-0.68 |
| EPS (Diluted) | $-0.68 |
| Shares Outstanding (Basic) | 1.70B |
| Shares Outstanding (Diluted) | 1.70B |
Key Highlights
- 1Revenue grew 30% year-over-year to $3.8 billion in Q3 2019.
- 2Eats revenue saw a significant increase of 64% year-over-year, indicating strong momentum in the food delivery segment.
- 3Monthly Active Platform Consumers (MAPCs) increased by 26% year-over-year to 103 million.
- 4Gross Bookings increased by 29% year-over-year to $16.5 billion, demonstrating continued platform scale.
- 5The company reported a net loss attributable to Uber Technologies, Inc. of $1.16 billion for the quarter.
- 6Research and development expenses increased significantly, largely driven by stock-based compensation following the IPO.
- 7Uber ended the quarter with substantial liquidity, holding $12.7 billion in unrestricted cash and cash equivalents.