Uber Q1 2024
On may 8, 2024, Uber released quarterly report for quarter ending March 31, 2024.
Uber’ s revenue was $8.8 billion and $10.1 billion in the three months ended March 31, 2023 and the three months ended March 31, 2024, respectively.
Revenue in Q1 2024 was up 14.8% year-on-year.
Net loss attributable to Uber was $157 million and $663 million in the three months ended March 31, 2023 and the three months ended March 31, 2024, respectively.
Net cash provided by operating activities was $606 million and $1.4 billion in the three months ended March 31, 2023 and the three months ended March 31, 2024, respectively.
Uber’ s cash flow was very strong.
Stock-based compensation was $470 million and $484 million in the three months ended March 31, 2023 and the three months ended March 31, 2024, respectively.
Apparently, Uber’ s net cash from operations was partly setoff by stock-based compensation, so we reckon that the annual real cash flow is about $4 billion to $5 billion(eliminating stock-based compensation).
We reckon that Uber’ s reasonable valuation is $80 billion to $100 billion.
