Uber Technologies Inc (UBER)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	7,236,000	3,407,000	227,000	-1,384,000	-1,152,000
Revenue	US$ in thousands	37,281,000	31,877,000	17,455,000	11,139,000	13,000,000
Gross profit margin		19.41%	10.69%	1.30%	-12.42%	-8.86%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $7,236,000K ÷ $37,281,000K
= 19.41%

The gross profit margin of Uber Technologies Inc has shown a declining trend over the past five years, decreasing from 49.05% in 2019 to 39.76% in 2023. This indicates a decrease in the percentage of revenue remaining after accounting for the cost of goods sold. Factors contributing to this decline could include increased competition, rising operating expenses, or pricing pressures. It is essential for Uber to closely monitor and manage its cost structure to improve its gross profit margin and overall profitability in the future.