Uber (UBER) Q4 Earnings Report Preview: What To Look For

Radek Strnad /
2023/02/07 4:21 am EST

Ride sharing and on demand delivery service Uber (NYSE: UBER) will be reporting results tomorrow before the bell. Here's what investors should know.

Last quarter Uber reported revenues of $8.34 billion, up 72.1% year on year, beating analyst revenue expectations by 3.52%. It was a very strong quarter for the company, with exceptional revenue growth and a decent beat of analyst estimates. The company reported 124 million paying users, up 13.7% year on year.

Is Uber buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Uber's revenue to grow 47.2% year on year to $8.50 billion, slowing down from the 82.5% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.02 per share.

Uber Total Revenue

The analysts covering the company have been growing increasingly bullish about the business heading into the earnings, with revenue estimates seeing eight upwards revisions over the last thirty days. The company missed Wall St's revenue estimates twice over the last two years.

Looking at Uber's peers in the consumer internet segment, some of them have already reported Q4 earnings results, giving us a hint what we can expect. Pinterest delivered top-line growth of 3.6% year on year, missing analyst estimates by 1.09% and Snap reported revenues up 0.14% year on year, missing analyst estimates by 0.61%. Snap was down 14.5%, and Pinterest was down 10.6%. Read our full analysis of Pinterest's results here and Snap's results here.

There has been positive sentiment among investors in the consumer internet segment, with the stocks up on average 33.2% over the last month. Uber is up 24.2% during the same time, and is heading into the earnings with with analyst price target of $45.87, compared to share price of $34.22.

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The author has no position in any of the stocks mentioned.