Uber Applied sciences, Inc. (NYSE: UBER) on Wednesday reported a pointy improve in fourth-quarter revenue. Revenues of the ride-sharing big elevated 15% through the three months.
Within the fourth quarter of 2023, web revenue attributable to the corporate elevated sharply to $1.43 billion or $0.66 per share from $595 million or $0.29 per share within the corresponding quarter final 12 months.
There was a 15% improve in web revenues to $9.94 billion within the December quarter from $8.61 billion in the identical interval of 2022. At $37.58 billion, gross bookings had been up 22% year-over-year.
“2023 was an inflection level for Uber, proving that we will proceed to generate robust, worthwhile development at scale. Our audiences are bigger and extra engaged than ever, with our platform powering a median of practically 26 million each day journeys final 12 months,” mentioned Dara Khosrowshahi, chief govt officer of Uber.
(this story will probably be up to date shortly)