Fourth-quarter gross bookings for Uber for Business increased approximately 50 percent year over year, Uber CEO Dara Khosrowshahi said in a statement ahead of a Wednesday earnings call, "and there is still a long runway to further grow our share of wallet with the more than 200,000 companies and organizations we work with."
Uber's overall Q4 gross bookings totaled nearly $44.2 billion, up 18 percent year over year. Full-year gross bookings increased 18 percent to $162.8 billion.
"Uber ended 2024 with our strongest quarter ever, as growth accelerated across [monthly active platform consumers], trips and Gross Bookings," Khosrowshahi said in a statement. "Our performance has been powered by rapid innovation and execution across multiple priorities, including the massive opportunity presented by autonomous vehicles."
The company's Uber One membership service had "stellar" growth during the quarter, Khosrowshahi said, with the member base at 30 million, up about 60 percent year over year and with an additional 5 million members from Q3 2024.
Uber Q4, FY2024 Metrics
Fourth-quarter monthly active platform consumers increased 14 percent year over year to about 171 million. Q4 trips increased 18 percent to nearly 3.1 billion. The full-year number of trips were up 19 percent to nearly 11.3 billion.
Revenue for the quarter was nearly $12 billion, up 20 percent year over year. Full-year revenue increased 18 percent to nearly $44 billion. Q4 net income was $6.9 billion compared with $1.4 billion a year prior. Net income for 2024 was nearly $9.9 billion, up from the $1.9 billion reported in 2023.
Outlook for the first quarter includes gross bookings growth of 17 percent to 21 percent year over year.
Uber and Delta Air Lines announced a partnership in early January that will launch this spring. Uber customers will be able to earn Delta SkyMiles when they ride and order from Uber Eats. The waitlist for the benefit currently includes more than 300,000 people, according to Khosrowshahi.
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