Gross bookings growth for Uber’s Uber for Business segment in the second quarter “accelerated” compared with a year prior, according to remarks released Tuesday from Uber CEO Dara Khosrowshahi.
The company also said it now has more than 200,000 corporate clients via Uber for Business.
In addition, Khosrowshahi said that Uber has “scaled new pricing and matching algorithms that have meaningfully improved reliability at airports, especially at peak times,” adding that landing notifications now are available and directions to pick-up zones are clearer.
During the quarter, Uber also launched delegate profiles within Uber for Business, giving executive assistants and other non-traveler bookers the ability to request and schedule rides on an executive’s behalf.
Uber Q2 Metrics
Uber reported second-quarter gross bookings of nearly $40 billion, up 19 percent year over year. Mobility segment gross bookings totaled more than $20.5 billion, up 23 percent from Q2 2023. Total revenue was $10.7 billion, up 16 percent year over year. Mobility segment revenue was more than $6.1 billion, up 25 percent from the prior year.
Second-quarter net income was more than $1 billion, up from the $394 million reported in Q2 2023.
The company reported nearly 2.8 billion trips in the quarter, up 21 percent compared with Q2 2023. Monthly active platform consumers were 156 million, up 14 percent year over year.
Uber projects third-quarter gross bookings of $40.25 billion to $41.75 billion, for 18 percent to 23 percent year-over-year growth on a constant-currency basis. This projection assumes a roughly 4 percentage-point currency headwind, including a 7 percentage-point currency headwind to the mobility segment’s reported year-over-year growth, according to the company.
