News & Analysis

Uber Q1 results have arrived

5 May 2022 By Klavs Valters


Uber Technologies Inc. (UBER) reported its latest financial results on Wall Street on Wednesday.

World’s largest ridesharing company reported revenue of $6.854 billion (up 135% from the same period last year) vs. $6.098 billion expected.

The company reported a loss per share of -$3.04 for the first three months of 2022 vs. -$0.27 loss per share expected.

CEO of Uber, Dara Khosrowshahi commented on the latest results: ”Our results demonstrate just how much progress we’ve made navigating out of the pandemic and how the power of our platform is differentiating our business performance.”

“We are pleased with our Q1 results, with outperformance of our quarterly guidance and strong incremental margins,” said Nelson Chai, CFO of the company.

”With free cash flow approaching breakeven in Q1, we now expect to generate meaningful positive free cash flows for full-year 2022,”  Chai concluded.

Uber Technologies Inc. chart

Shares of Uber were down by 4.65% at the end of the trading day on Wednesday at $24.10 per share – the lowest level since April 2020.

Here is how the stock has performed in the past year:

  • 1 Month -15.89%
  • 3 Month -24.40%
  • Year-to-date -32.98%
  • 1 Year -45.10%

Uber price targets

  • Citigroup: $50
  • Morgan Stanley: $68
  • Wedbush: $48
  • Deutsche Bank: $50

Uber Technologies Inc. is the 299th largest company in the world with a market cap of $54.97 billion.

You can trade Uber Technologies Inc. (UBER) and many other stocks from the NYSE, NASDAQ, HKEX and the ASX with GO Markets as a Share CFD.

Sources: Uber Technologies Inc., TradingView, CompaniesMarketCap

Ready to start trading?

Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.