Uber beats by $0.01, misses on revs, says "remains well on track to achieve our profitability goals in 2021" (63.19 +3.58)
- Reports Q4 (Dec) GAAP loss of $0.54 per share, $0.01 better than the S&P Capital IQ Consensus of ($0.55); revenues fell 15.5% year/year to $3.17 bln vs the $3.56 bln S&P Capital IQ Consensus.
- Gross Bookings grew 16% quarter-over-quarter to $17.2 billion, down 5% year-over-year, or 4% on a constant currency basis, with Delivery Gross Bookings growing 128% YoY and Mobility Gross Bookings declining 47% YoY, respectively, on a constant currency basis.
- MAPCs down 16% yr/yr to 93 mln.
- Adjusted EBITDA loss of $(454) million, reduced by $171 million QoQ and by $161 million YoY, and represented (14.3)% margin as a percentage of revenue.
- "These decisions have resulted in a much more focused and ultimately stronger company. In Q4 we continued to deliver improving Adjusted EBITDA performance, up $171 million quarter-over-quarter, and remain well on track to achieving our profitability goals in 2021."