With Q4 2023, Uber Notches Full-Year Profitability. What’s Next?
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In a turnaround from its continued net losses, the international ride hail and delivery operator’s aggressive focus on profitability paid off for the full year 2023, particularly in the fourth quarter. Uber’s Mobility line of business saw even higher gains than Delivery. Grocery delivery was a particularly strong subsegment of Delivery, with a USD 7 billion run rate. Overall, the strength of Uber’s cross-platform selling strategy and the nearly doubling of members in its Uber One program fueled the company’s success not only in Q4 but for the entirety of 2023. This Insight report covers Uber’s Q4 2023 earnings, highlights from its full year 2023 earnings report, and what the company expects for 2024.
