The American multinational transportation company Uber reported a loss of $9.1 billion (equivalent to €8.5 billion) in 2022, a significant increase from the $496 million loss recorded in 2021. This marks a nearly 18-fold rise in losses compared to the previous year.
However, Uber’s turnover surged by 82% last year, reaching $31.9 billion, surpassing analysts’ expectations and leading to a rally in its stock market performance. The increase in revenue was attributed to the resumption of business activities following the lifting of restrictions during the COVID-19 pandemic.
Despite the impressive growth in turnover, Uber’s financial statements revealed a negative impact of $7 billion related to the company’s capital investments, primarily due to accumulated losses in partnerships with companies like Grab, Aurora, and Didi.
In the last quarter of 2022, a key metric closely followed by the market, Uber recorded a loss of $595 million (€554 million), which is a 33% improvement compared to the same period in 2021.
Uber’s CEO, Dara Khosrowshahi, commented in a statement, “We ended 2022 with our strongest quarter yet, driven by strong demand and record margins.”
Geographically, Uber’s revenue grew across all regions, with notable increases in Europe, the Middle East, and Africa, where it rose by 110%. However, the United States and Canada remained the company’s primary market, generating $4.98 billion, a 38% increase from the previous year.
