$Uber Tech(UBER.US) reported 1Q results that fell short of expectations on bookings and revs, but beat on profits and most operating metrics. 2Q guidance was in line.
1Q Results- Gross bookings $42.8B, +14% YoY vs $43.1B est- Revs $11.5B, +14% YoY vs $11.6B est - Adj Ebitda $1.87B +35% YoY, vs $1.84B est - EPS $0.84 vs. $0.54 exp- Trips 3.04B, +18% YoY, vs 2.98B est- Monthly active platform consumers (MAPC) 170M vs 168.1M est2Q Guidance- Gross bookings $45.75B to $47.25B, vs $45.85B est- Adj Ebitda $2.02B to $2.12B, vs $2.05B estimateComments:- 2Q guidance assumes roughly 1.5pp currency headwind - UBER will have more product and partnership news, with a focus on affordability, at annual GO–GET event on May 14- Freight Gross Bookings were down 1% YoY, pressured by a challenging market and fluid trade policies- F/X was a headwind of $1.7 billion YoY or approximately 4.5 percentage pointsThe copyright of this article belongs to the original author/organization.
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