Uber earnings beat analysts' expectations, here's the key earnings

Uber earnings beat analysts' expectations, here's the key earnings

Uber UBER reported its Q 4th 2022 earnings on February 8 before the market open, clocking key beats in revenue and delivery bookings.

Here are the ride-hailing giant's key results compared to analysts' expectations compiled by Bloomberg:

In pre-market trading, Uber shares went up by 7%.

Expectations were solidly high coming into the earnings cycle, as the company was expected to meet, if not surpass analysts' estimates, as the results for Uber were more or less what they hoped for them.

There is a significant year-over-year growth behind some of these revenue figures.

The company's Q 1 outlook was more or less met analysts' expectations, coming in at between $31 billion and $32 billion, compared to estimates of $31.9 billion.

The ride-hailing giant's odds of having a good day were boosted due to the fact that mobility isn't only recovering driver supply is going up after a long shortage. As COVID recedes, the company is expecting bookings to continue growing throughout the month and next.

In a statement from CEO Dara Khosrowshahi, we reached a new milestone, crossing 2 billion trips in a single quarter for the first time, an average of nearly 1 million trips per hour.

Rival Lyft LYFT is set to report its own earnings on February 9, so the pressure is on for Lyft to clock solid results that will undoubtedly draw comparisons.

Allie Garfinkle is a senior tech reporter at Yahoo Finance.