Uber Shares Sink on Outlook. Is It Time to Buy the Stock on the Dip?
Shares of Uber Technologies (NYSE: UBER) were down 7.6% on Feb. 5 after the company reported Q4 results. Though shares quickly recovered later in the week, the stock is still down about 20% from its all-time high as of this writing.Let's dip into the company's recent results to see if its worth buying into this industry leader.In Q4, Uber's revenue climbed 20% year over year to $12.0 billion, topping the $11.8 billon analyst consensus. Mobility revenue, which includes its core ride-share business, soared 25% to $6.9 billion, while delivery revenue, home to Uber Eats, jumped 21% to $3.8 billion. Freight, its smallest segment, saw revenue unchanged at around $1.3 billion. Continue reading
Shares of Uber Technologies (NYSE: UBER) were down 7.6% on Feb. 5 after the company reported Q4 results. Though shares quickly recovered later in the week, the stock is still down about 20% from its all-time high as of this writing.
Let's dip into the company's recent results to see if its worth buying into this industry leader.
In Q4, Uber's revenue climbed 20% year over year to $12.0 billion, topping the $11.8 billon analyst consensus. Mobility revenue, which includes its core ride-share business, soared 25% to $6.9 billion, while delivery revenue, home to Uber Eats, jumped 21% to $3.8 billion. Freight, its smallest segment, saw revenue unchanged at around $1.3 billion.
