Uber Q4 Earnings Preview: Revenue Growth Despite Declining Profits
Uber Technologies is gearing up to report its fourth-quarter financial results soon, with market analysts projecting a rise in revenue but a decrease in profit. The ride-sharing giant is expected to reveal that its revenue has surged by around 18% year-on-year, hitting a substantial $11.76 billion. However, its net income is likely to have dropped by 27% to $1.04 billion. This decline in profit can be attributed partially to a substantial $1 billion net gain stemming from the revaluation of Uber’s equity stakes during the final quarter of 2023.