Uber reports annual operating profit of $1.1 billion in 2023

a Uber It posted annual operating profit of $1.1 billion in 2023, according to the balance sheet released this Wednesday (Feb. 7, 2024). In 2022, the company incurred an operating loss of US$1.8 billion. here complete The report is in English (PDF – 565 KB).

One of the main reasons for the profit was the increase in the number of users of the application by 15% to 150 million. Uber's total bookings – the amount paid by customers – reached $137.9 billion, an increase of 17% compared to the same period in 2022.

Uber's annual revenue reached US$37.28 billion in 2023 – an increase of 17% compared to US$31.87 in 2022.

Regarding net profit for the fourth quarter of 2023, Uber recorded $652 million. This is not the first time the company has recorded profits. In the fourth quarter of 2022, the company incurred a net loss of US$142 million.

The number of monthly users also increased compared to the same period in 2022, going from 131 million to 150 million users – an increase of 15%.

The company's revenues reached US$9.93 billion, a 15% growth compared to US$8.6 billion recorded in the fourth quarter of 2022.

This was stated by Dara Khosrowshahi, CEO of Uber “2023 was an inflection point for Uber, proving that we can continue to deliver strong, profitable growth at scale.” […]. Our audience is larger and more engaged than ever, averaging nearly 26 million daily trips last year.