Reading into Uber’s 2023 Annual Report
Uber’s 2023 numbers are staggering: 150 million “Monthly Active Platform Consumers”, Gross bookings $138 billion. Adjusted-EBITDA $4.1 billion. GAAP Income from Operations $1.1 billion. 70+ countries, 10,000 cities. 6.8 million drivers & couriers. Profitable. Uber is undoubtedly THE #1 mobility player, but the company also faces (some) challenges. Let’s dig in.?
From the beginning of 2022 to the end of 2023, “Monthly Active Platform Consumers” (MAPCs) grew 13.6% year-on-year (YoY), to 150 million in Q4/2023.?
Trips grew at a faster rate, 23.6% YoY, to 2.6 billion. In (a very simple & indicative) average, Uber’s consumers are taking more trips per year, from 14.9 in Q1/22 to 17.3 in Q4/23.
Show me the money. Gross bookings in 2023 were $137.8 billion.....
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8 个月Thank you for the info
Helping Digital Product & Service Businesses to Grow | Strategy & Execution | Marketing Consultant | Fractional CMO | Interim Management | Available for Projects ?
8 个月Great summary Barak Sas Do we know anything about how their car rental business is doing? What are your views on Uber entering p2p? You think it will add to their success story? #p2p
11 years of strategy & operations in technology, financial services, consulting, and retail quick commerce across EMEA | ex-Bolt (unicorn) | ex-Moove
8 个月This was an insightful read, Sas