Uber lost 9.141 million in 2022 despite increasing revenue

As reported by the US company on Wednesday, its turnover increased 82% last year to 31,877 million, exceeding analysts’ expectations and increases 8% of stock market value In electronic transactions prior to the opening of Wall Street.

The company’s accounts show: Negative impact of $7,000 million Concerning Uber’s equity investments, it is primarily a result of accumulated unrealized losses in its shares in Grab, Aurora and Didi.

In the last quarter of the year, which is the data that the markets are most interested in, Uber posted a net profit of 595 million, down 33% from the same period in 2021, and most of these profits are attributed to investments in third parties. companies.

“We wrapped up 2022 with our strongest quarter ever with strong demand and record margins.” Dara Khosrowshahi, CEO of the company, said in a statement.

The turnover of the San Francisco (USA) based company between October and December increased by 49% to 8,607 million.

This sharp increase is linked above all to more trips, as Uber’s “mobility” unit entered $4,136 million annually in the last three months of 2022, up 82%.

That billing exceeded that of the delivery unit ($2,931 million), which rose strongly during the pandemic and kept the company afloat when lockdowns kept travel to a minimum.

According to geographical regions, Uber’s billing has increased in all regions, primarily in Europe, the Middle East and Africa. It increased 110% to $2,092 million.

The United States and Canada continued to form the core of the company’s business, with revenues of 4,976 million (38% more), while Latin America generated 547 million invoices, 31% more.

Unlike other tech companies that are now adjusting their workforce after getting too big during the pandemic, Uber was hit hard by health restrictions and cuts at the time, but now doesn’t anticipate layoffs as it expects its business to accelerate in 2023.