Revenues were $20.83 billion in six months ended to June 31, 2024, an increase of $2.78 billion or 13.3%, compared with $18.05 billion in the same period last year.

Revenues were $$10.7 billion in Q2 2024, an increase of $1.47 billion or 16%, compared with $9.23 billion in Q2 2023.

Uber has three reportable segments: Mobility, Delivery and Freight.

In six months ended to June 30, 2024,Mobility was $11.77 billion, which was up 28% year-over-year, Delivery was $6.5 billion, which was up 6% year-over-year, and Freight was $2.56 billion, which was down 5% year-over-year.

We can see that the fastest growing segment is mobility.

Operating income was $968 million in six months ended to June 30, 2024, compared with $64 million in the same period last year.

Net cash provided by operating activities was $3.24 billion in six months ended to June 30, 2024, compared with $1.8 billion in the same period last year.

We think Uber’ s net cash provided by operating activities may reach $7 billion in fiscal 2024.

In 2024, stock-based compensation was $2 billion, which will be setoff by stock repurchases.

Capital expenditure was extremely small.

Cash flow after stock-based compensation and capital expenditure was about $5 billion.

We think that Uber’ s reasonable valuation is $80 billion to $100 billion.

Disclaimer: The content is for reference only and does not constitute investment advice.