Uber reports Q4 EPS 29c, consensus (18c)

Reports Q4 revenue $8.6B, consensus $8.48B. Gross Bookings grew 19% year-over-year to $30.7 B, or 26% on a constant currency basis, with Mobility Gross Bookings of $14.9B, up 31% YoY or 37% YoY constant currency, and Delivery Gross Bookings of $14.3B, up 6% YoY or 14% YoY constant currency. Trips during the quarter grew 19% YoY to 2.1B, "an all-time quarterly high, or approximately 23 million trips per day on average." "We ended 2022 with our strongest quarter ever, with robust demand and record margins," said Dara Khosrowshahi, CEO. "Our global scale and unique platform advantages position us well to accelerate this momentum into 2023." "In 2022, we significantly exceeded our profitability outlook, with an incremental margin of 10%," said Nelson Chai, CFO. "Our outlook for a Gross Bookings and Adjusted EBITDA step up in Q1 builds on that progress, and sets us up for yet another record year."