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| Company | Revenue | |
|---|---|---|
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LyftLYFT |
1.52B 6% |
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DoorDashDASH |
2.71B 2.9% |
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Grab HoldingsGRAB |
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InstacartCART |
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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 11.2B | 4.6% |
| Gross Profit | 2.63B | 12.3% |
| Cost of Revenue | 8.56B | 2.4% |
| Operating expense | 2.57B | 2.2% |
| Net Income | 2.61B | 157.3% |
| EBITDA | 2.97B | 133.9% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 47.1B | 13.5% |
| Total Liabilities | 30.6B | 10.3% |
| Total Equity | 14.8B | 19.7% |
| Shares Outstanding | 2.1B | 0.3% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 2.15B | 18.2% |
| Cash from investing | -2.69B | 60.6% |
| Cash from financing | 1.6B | 938.2% |
EPS
Financial Highlights for Uber in Q3 '24
Uber reported a revenue of 11.2B, which is a 4.6% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 2.63B, marking a 12.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 8.56B, a 2.4% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 2.57B, showing a -2.2% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 2.61B, showing a 157.3% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 2.97B, showing a 133.9% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Uber with growth in revenue, gross profit, and net income.
