Uber Technologies Inc (UBER)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	17,327,000	14,824,000	12,218,000	8,104,000	5,985,000
Revenue	US$ in thousands	43,978,000	37,281,000	31,877,000	17,455,000	11,139,000
Gross profit margin		39.40%	39.76%	38.33%	46.43%	53.73%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $17,327,000K ÷ $43,978,000K
= 39.40%

Based on the provided data, Uber Technologies Inc's gross profit margin has exhibited a gradual decline over the years. As of December 31, 2020, the gross profit margin stood at 53.73%, indicating that for each dollar of revenue generated, the company retained approximately 53.73 cents after accounting for the cost of goods sold. However, by December 31, 2021, this margin had decreased to 46.43%, suggesting a reduction in profitability.

The downward trend continued into subsequent years, with the gross profit margin falling to 38.33% by December 31, 2022. This decline may indicate challenges in effectively managing costs related to goods and services provided by the company.

Although there was a slight improvement in the gross profit margin to 39.76% by December 31, 2023, it remained below the levels seen in the earlier years. The most recent data point, as of December 31, 2024, shows a further marginal decline to 39.40%.

In conclusion, Uber Technologies Inc's gross profit margin has experienced a downward trajectory, suggesting potential difficulties in maintaining profitability and controlling costs associated with its core operations. This trend may warrant closer examination and strategic management actions to enhance overall financial performance.