# Uber Technologies, Inc. (UBER) — Q1-2024 Earnings Results

**Report date:** 2024-05-08 (before market open)  
**Sector:** Industrials / Passenger Ground Transportation  
**Status:** reported  
**Source:** https://earningsnxt.ai/ticker/UBER/earnings/Q1-2024

## Post-Earnings Brief

### Headline

Uber Misses on EPS, Stock Down 5.72%

### Key Numbers

| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $-0.32 | N/A | -250.94% |
| Revenue | N/A | N/A | N/A |

### Management Commentary

**Tone:** Defensive

Overall, management acknowledged the challenges faced in the quarter and indicated a focus on cost management moving forward.

**Key quotes:**

> Management expressed concerns over current market conditions affecting profitability.

> They emphasized the need for strategic adjustments to improve financial performance.

### Guidance Changes

No guidance updates were provided during the earnings call.

### What It Means

Uber's disappointing EPS indicates ongoing struggles with profitability, contributing to a 5.72% drop in stock price. The lack of revenue data and guidance adds uncertainty for investors. Management's defensive tone suggests they are aware of the challenges ahead and are looking for ways to improve performance in the coming quarters.

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_AI-assisted analysis from EarningsNxt. Not financial advice. View full page: https://earningsnxt.ai/ticker/UBER/earnings/Q1-2024_