Uber’s fourth quarter performance report for 2024 shows a significant increase in Gross Booking, totaling $44.197 billion, marking an 18% surge compared to the same period in the previous year. This translates to Uber’s revenue standing at $11.959 billion, seeing a 20% increase, with a net profit of $6.883 billion.
The growth observed by Uber stems from both its ride-hailing and food delivery services, with Gross Booking for ride-hailing marking an 18% increase and food delivery also showing an 18% surge.
CEO Dara Khosrowshahi expressed satisfaction with the company’s performance in 2024, achieving record-setting statistics for the quarter. This growth across all aspects of the business is partially attributed to the incorporation of autonomous vehicle technology to support the company’s long-term strategies.
Source: Uber
TLDR: Uber’s Q4 2024 report highlights a substantial increase in Gross Booking, revenue, and net profit, showcasing the company’s strong performance and strategic growth initiatives.
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