Uber Technologies Inc. connected Tuesday reported that it swung to a nett successful the 2nd quarter, and that gross bookings and gross doubled twelvemonth implicit year, but investors inactive drove its banal down successful extended trading.
Uber UBER, -2.29% shares fell arsenic overmuch arsenic 9% aft hours, aft falling much than 2% successful the regular league to adjacent astatine $41.81.
Uber said it had 101 cardinal monthly active-platform consumers during the quarter, falling abbreviated of analysts’ anticipation of 108.9 million.
Gross bookings roseate to $21.9 billion, supra analysts’ expectations of $21.25 billion. Mobility gross bookings roseate to $8.6 billion, beating expectations of $8.3 billion. Delivery gross bookings climbed to $12.9 billion, supra the $12.6 cardinal analysts expected.
Uber reported second-quarter nett income of $1.1 billion, oregon 58 cents a share, mostly owed to unrealized gains successful its investments successful Didi Global Inc. DIDI, -3.57% and self-driving institution Aurora. That compared with a nonaccomplishment of $1.8 billion, oregon $1.02 a share, successful the year-ago period. The company’s adjusted Ebitda nonaccomplishment was $509 million. Revenue roseate to $3.93 cardinal from $1.91 cardinal successful the year-ago quarter.
Analysts surveyed by FactSet had forecast a nonaccomplishment of 52 cents a stock connected gross of $3.76 billion.
Shares of Uber are down 18% truthful acold this twelvemonth and up much than 25% successful the past year, portion the S&P 500 Index SPX, -0.46% has risen much than 17% twelvemonth to day and is astir 33% higher implicit the past 52 weeks.
The institution reported net a time aft Lyft’s results besides showed a continued pandemic betterment but besides continued uncertainty.
See: Lyft banal sinks connected worries astir outlook, pandemic uncertainty and growth
See: Uber, Lyft drivers onslaught for a day, accidental net down contempt operator shortage
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