Uber Technologies, Inc. reported its financial results for the fourth quarter and full year ended December 31, 2024. Gross Bookings increased 18% year-over-year (YoY) to $44.2 billion, with Mobility Gross Bookings growing 18% and Delivery Gross Bookings also rising 18%. Revenue for the quarter grew 20% YoY, reaching $12.0 billion.

Income from operations was $770 million, and Adjusted EBITDA grew 44% YoY to $1.8 billion. The net income attributable to Uber Technologies, Inc. was $6.9 billion, which included a $6.4 billion benefit from a tax valuation release and $556 million from unrealized gains related to the revaluation of Uber’s equity investments. Free cash flow was $1.7 billion.

For Q1 2025, Uber anticipates Gross Bookings growth of 17% to 21% YoY on a constant currency basis, with Adjusted EBITDA expected to grow by 30% to 37%.