New York (EFE) to activity after the pandemic.
As reported by the US company on Wednesday, its turnover increased by 82% last year, up to 31,877 million, exceeding analysts’ expectations, and shooting up its stock market value by 8% in electronic operations prior to the opening of Wall Street.
The company’s accounts show a $7 billion negative impact related to Uber’s equity investments, primarily a result of cumulative unrealized losses on its holdings in Grab, Aurora and Didi.
During the last quarter of the year, data to which the markets paid the most attention, Uber had a net profit of 595 million, 33% less than in the same period of 2021, with most of these profits linked to investments in third parties. companies.
“We finished 2022 with our strongest quarter ever, with robust demand and record margins,” Dara Khosrowshahi, the company’s chief executive, said in a statement.
Increase in Uber billing
Meanwhile, the turnover of the company based in San Francisco (USA) between October and December amounted to 8,607 million, 49% more.
This sharp rise is linked above all to a greater number of trips, since the Uber “mobility” unit entered 82% year-on-year in the last three months of 2022, up to 4,136 million dollars.
That billing exceeded that of the delivery unit ($2.931 million), which grew strongly during the pandemic and kept the company afloat when lockdowns kept travel to a minimum.
By geographical areas, Uber’s billing grew in all regions, but especially in Europe, the Middle East and Africa, where it increased by 110%, up to 2,092 million dollars.
The United States and Canada continued to be the base of the company’s business, with revenues of 4,976 million (38% more), while in Latin America it billed 547 million, 31% more.
Unlike other technology companies, which are now adjusting their workforces after growing a lot during the pandemic, Uber was hit hard by the health restrictions and cut expenses then, but now it does not foresee layoffs, as it expects its business to accelerate in 2023.