Uber's Q4 Gross Bookings Reach $37.6 Billion, Up 22% Year-Over-Year

Uber reported fourth-quarter earnings that beat analyst expectations, with revenue of $9.94 billion versus an estimated $9.76 billion and EPS of 66 cents vs an estimated 17 cents. Gross bookings were $37.6 billion, up 22% year-over-year. Monthly active platform consumers reached 150 million, up 15% year-over-year. CEO Dara Khosrowshahi said 2023 marked a year of "sustainable, profitable growth" for Uber. He attributed this success to a consumer trend of increased spending on services, such as dining out and attending events, which has positively impacted Uber's business.