On February 09, the ride-hailing giant, Uber Technologies Inc. (UBER) posted its financial results for Q4 and full-year 2021. Consequently, the stock advanced further in the after-hours on Wednesday.
During the previous regular trading session, the stock fluctuated between a high of $40.40 and a low of $38.16. At an active volume of 52.61 million shares, UBER closed the session with a gain of 4.83% at $40.19. Following the announcement of the earnings, the stock went on to add a further 5.75% at 8.73 million shares in the after hours. Hence, on Wednesday, February 09, UBER had a value of $42.50 in the after-hours session.
Currently, Uber Technologies Inc. has a market capitalization of $74.38 billion with 1.94 billion outstanding shares. In the past five days, the stock has added 8.12% while it has declined by 4.15% year to date. Moreover, UBER subtracted a value of 36.39% last year.
UBER: 2021 Results
In Q4 2021, the company had gross bookings of $25.9 billion, marking an increase of 51% YOY.
Furthermore, UBER reported revenue of $5.8 billion in Q4 2021, which shows an increase of 82% YOY.
In Q4 2021, the company had a net income of $892 million and the adjusted EBIDTA was $86 million.
Additionally, the company ended the quarter with unrestricted cash and cash equivalents of $4.3 billion.
Q1 2022 Guidance
For Q1 2022, the company expects gross bookings between $25 and $26 billion with adjusted EBITDA of $100-$130 million.
UBER: 2022 Investors Day
Recently, the company announced holding 2022 Investors Day with financial analysts and institutional investors. The Investors Day will begin at 9 am ET in New York City on February 10, 2022. Previously, it was set to be held in San Francisco but the venue and timings were then changed.
Recent Participation
On December 14, 2021, the company’s CEO, Dara Khosrowshahi participated in a fireside chat hosted by UBS.
UBER One Program
On November 17, the company announced the launch of a new membership program, Uber One. This brand new membership program combines the best of company rides, delivery, and groceries. Further, this program also offers discounts and exclusive experiences across both rides and delivery. Uber One comes with a monthly charge of $9.99 or $99.99 on annual basis.
Conclusion
On Wednesday, the ride-hailing giant not only surpassed its earnings expectations but also beat revenue estimates. In addition, the company provided a positive outlook for its ongoing quarter. Thus, the stock continued to rise in the after-hours, following the results and outlook.
