The fourth quarter was Uber's "strongest quarter ever," Uber CEO Dara Khosrowshahi said during a Wednesday earnings call.
The company also "reached several new milestones this quarter," he said. It crossed 2 billion quarterly trips. "The Uber platform has never been stronger," he said.
Uber reported fourth-quarter gross bookings of $30.75 billion, an increase of 19% year over year. Net income for the quarter was $595 million on revenue of $8.61 billion. Compared with the fourth quarter of 2021, net income was down 33% while revenue increased 49%.
Full-year gross bookings were $115.4 billion, up 28% year over year. Uber reported a net loss of $9.14 billion on full-year revenue of $31.88 billion, the latter of which increased 83% from the year before.
The number of trips during the quarter was 2.1 billion, a quarterly record, and up 19% year over year. Full-year trips were 7.64 billion, up 20% from 2021. For the quarter, there were 131 million monthly active platform consumers, up 11% year over year.
The United States and Canada accounted for 57.8% of quarterly revenue at $4.98 billion, up 38% year over year. Europe, the Middle East and Africa increased 110%, to $2.09 billion.
During the quarter, the company launched its Uber One membership program in Chile, France, Japan, Spain and Taiwan, and it is now available in 12 countries. "We got over 12 million members up, with membership having nearly doubled for 2022, which is terrific," Khosrowshahi said. "Our efforts here are quite active. We are pushing Uber One."
Source: Business Travel News