Uber Announces Strong Profit Growth in Quarterly Earnings Release
Uber's Q2 Revenue Surges by 16% Year-Over-Year, Exceeding Expectations
Uber Technologies, Inc. [UBER] reported a strong performance in its second quarter, closing on June 30, 2024. The company announced a notable net profit of $1.015 billion, showcasing a significant increase from the previous quarter.
The company, headquartered in San Francisco, California, reported to SEC in an 8-K filing $0.47 earnings per share in the quarter, compared to $0.18 in the previous quarter.
Uber Technologies, a prominent player in the technology sector, reported revenues of $10.7 billion in the latest financial period, showing a substantial increase compared to the previous quarter.
In comparison to the same quarter in the previous year, Uber Technologies experienced a revenue growth of 16%, reflecting a positive trend in its financial performance. The company also witnessed a substantial profit increase of 158% in the current quarter compared to the same quarter of the previous year.
As of August 7, 2024 end of day trading.
