Uber’s Q2 2024 performance report reveals a 19% increase in Gross Bookings on the platform, totaling $39.952 billion compared to the same period last year. This includes $20.554 billion from the ride-hailing business (+23%), $18.126 billion from delivery services (+16%), and $1.272 billion from freight services (similar to the previous year).
Uber’s revenue stands at $10.7 billion, marking a 16% growth, with a net profit of $1.015 billion, driven by investments in other companies totaling $333 million.
CEO Dara Khosrowshahi announced a 20% increase in the number of passenger trips, reflecting steady growth throughout the quarter, with record-high net profits attributed to a strong customer base. The platform witnessed increased usage frequency, while drivers also achieved record-high collective earnings of $17.9 billion.
TLDR: Uber’s Q2 2024 report shows significant growth in Gross Bookings, revenue, and net profits, with a substantial increase in passenger trips and driver earnings. CEO Dara Khosrowshahi highlights the company’s strong performance driven by a loyal customer base and increased platform utilization.
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