CEO Dara Khosrowshahi said the company achieved two major milestones during the quarter: its first quarter of free cash flow over $1 billion and its first GAAP operating profit.
"Both of these milestones were achieved through a combination of disciplined execution, record audience and strong engagement," Khosrowshahi said. The company reported adjusted EBITDA of $916 million, up 152% year over year. Gross bookings for the quarter came in at $33.6 billion, up 16% year over year.
For the third quarter of 2023, Uber said it expects to report gross bookings between $34 billion to $35 billion and an adjusted EBITDA of $975 million to $1.025 billion, both ahead of analysts' expectations, according to StreetAccount.$16.73 billion, up 25% year-over-yearUber's mobility segment reported $4.89 billion in revenue, compared with delivery's $3.06 billion. Its freight business booked $1.28 billion in sales for the quarter, down from the $1.