Uber Reported Over 1 Billion Trips for Q4 2020, Its Platform Welcomes Over 5 Million New Members

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The popular ride-hailing company, which also offers food delivery, freight transportation and a variety of other services, reported quarter-over-quarter revenue growth of 13%. Its year-over-year performance, however, dipped by 16% due to the effects of the pandemic.

Here are the main financial highlights from Uber’s Q4 2020 earnings release:

 

Total revenue: quarter-over-quarter earnings of $3.2 billion

Net loss: $968 million, including $236 million in stock-based compensation expenses

Available funds: $6.8 billion in unrestricted cash, cash equivalents and short-term investments 

Mobility: for the period, Uber has carried out 1.44 billion trips – the highest number on record since Q1 2020

Platform: memberships exceeded 5 million for the period, with the number of monthly active platform consumers growing to 93 million (19% quarter-over-quarter growth)

 Gross bookings: quarter-over-quarter growth of 16% ($17.2 billion), with delivery gross bookings achieving year-over-year growth of 128% and mobility gross bookings declining by 47%, again on a yearly basis.

 

“While 2020 certainly tested our resilience, it also dramatically accelerated our capabilities in local commerce, with our delivery business more than doubling over the year to a nearly $44 billion annual bookings run-rate in December.

Dara Khosrowshahi, CEO of Uber Technologies Inc

 

Throughout 2020, Uber has made several important business decisions and acquisitions, such as the purchase of the Cornershop and Postmates businesses, the expansion of its Uber Green initiative (branded electric and hybrid vehicles) to over 1 400 cities, and its admission into the Zero Emissions Transportation Association (ZETA) – an organisation advocating for national policies to grow electric vehicle sales to 100% by 2030.


Upcoming reports

See the full list of upcoming earnings reports for 15 – 19 February in the tables below.

Monday, February 15th 2021

Country of originCompany nameFiscal period
AustraliaBHP Group PLC
Half Year 2021
USAService Corporation International
Q4 2020
United KingdomLiberty Global PLC
Q4 2020
FranceCompagnie Generale des Etablissements Michelin SCA
Full Year 2020
NorwayAker Solutions ASA
Q4 2020

Tuesday, February 16th 2021

Country of originCompany nameFiscal period
USAAmerican International Group Inc
Q4 2020
USAOccidental Petroleum Corp
Q4 2020
USADevon Energy Corp
Q4 2020
USAAgilent Technologies Inc
Q1 2021
USARoyal Caribbean Cruises Ltd
Q4 2020
USAExpeditors International of Washington Inc
Q4 2020
USAPalantir Technologies Inc
Q4 2020
USAZoetis Inc
Q4 2020
USACVS Health Corp
Q4 2020
Kingdom of the NetherlandsYandex NV
Q4 2020
SwitzerlandGlencore PLC
Full Year 2020
Kingdom of the NetherlandsKoninklijke DSM NV
Q4 2020

Wednesday, 17th February 2021

Country of originCompany nameFiscal period
USAMarathon Oil Corp
Q4 2020
USASturm Ruger & Company Inc
Q4 2020
ChinaBaidu Inc
Q4 2020
FranceVallourec SA
Full Year 2020
FranceCapgemini SE
Full Year 2020
SwitzerlandGarmin Ltd
Q4 2020
USAHilton Worldwide Holdings Inc
Q4 2020
CanadaShopify Inc
Q4 2020
USAHenry Schein Inc
Q4 2020
USADISH Network Corp
Q4 2020
USAAnalog Devices Inc
Q1 2021
USAProgressive Corp
Report for January 2021
AustraliaRio Tinto PLC
Full Year 2020
FranceKering SA
Full Year 2020
United KingdomBritish American Tobacco PLC
Full Year 2020
GermanyBeiersdorf AG
Q4 2020
Kingdom of the NetherlandsKoninklijke Ahold Delhaize NV
Q4 2020
Kingdom of the NetherlandsAkzo Nobel NV
Q4 2020
Kingdom of the NetherlandsKoninklijke Vopak NV
Full Year 2020
NorwayMowi ASA
Q4 2020

Thursday, 18th February 2021

Country of originCompany nameFiscal period
BelgiumGalapagos NV
Q4 2020
USATripadvisor Inc
Q4 2020
USAApplied Materials Inc
Q1 2021
USARoku Inc
Q4 2020
USADropbox Inc
Q4 2020
FranceValeo SA
Full Year 2020
SpainAcciona SA
Full Year 2020
USAWalmart Inc
Q4 2021
USANewmont Corporation
Q4 2020
CanadaBarrick Gold Corp
Q4 2020
USAAmerican Electric Power Company Inc
Q4 2020
USASouthern Co
Q4 2020
USAWaste Management Inc
Q4 2020
USAMarriott International Inc
Q4 2020
ItalyDavide Campari Milano NV
Q4 2020
GermanyHochtief AG
Full Year 2020
USAFitbit Inc
Q4 2020
SpainRepsol SA
Q4 2020
GermanyGerresheimer AG
Q4 2020
FranceElectricite de France SA
Full Year 2020
FranceCarrefour SA
Full Year 2020
FranceOrange SA
Q4 2020
United KingdomHays PLC
Half Year 2021
United KingdomKAZ Minerals PLC
Half Year 2020
United KingdomBarclays PLC
Full Year 2020
United KingdomSmith & Nephew PLC
Full Year 2020
GermanyMTU Aero Engines AG
Preliminary report for Q4 2020
FranceBouygues SA
Full Year 2020
GermanyDaimler AG
Q4 2020
FranceAir France KLM SA
Q4 2020
NorwayNorwegian Air Shuttle ASA
Q4 2020
Kingdom of the NetherlandsNN Group NV
Full Year 2020
Kingdom of the NetherlandsVEON Ltd
Q4 2020
Kingdom of the NetherlandsAirbus SE
Full Year 2020

Friday, 19th February 2021

Country of originCompany nameFiscal period
USADeere & Co
Q1 2021
NorwayOtello Corporation ASA
Q4 2020
United KingdomSEGRO PLC
Full Year 2020
ItalyEni SpA
Q4 2020
FranceRenault SA
Full Year 2020
United KingdomNatwest Group PLC
Full Year 2020
FranceDanone SA
Full Year 2020
GermanyAllianz SE
Q4 2020
Kingdom of the NetherlandsFugro NV
Full Year 2020
JapanYokohama Rubber Co Ltd
Full Year 2020

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