Uber Technologies Inc (UBER)

Net profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Net income (ttm)	US$ in thousands	1,887,000	1,053,000	-374,000	-3,369,000	-9,142,000	-8,845,000	-10,063,000	-6,318,000	-496,000	-2,357,000	-1,022,000	-3,941,000	-6,769,000	-6,896,000	-6,969,000	-10,430,000	-8,506,000
Revenue (ttm)	US$ in thousands	37,281,000	35,952,000	35,003,000	33,846,000	31,877,000	29,048,000	25,550,000	21,406,000	17,455,000	14,842,000	12,810,000	10,794,000	11,139,000	10,896,000	11,896,000	13,149,000	13,000,000
Net profit margin		5.06%	2.93%	-1.07%	-9.95%	-28.68%	-30.45%	-39.39%	-29.52%	-2.84%	-15.88%	-7.98%	-36.51%	-60.77%	-63.29%	-58.58%	-79.32%	-65.43%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,887,000K ÷ $37,281,000K
= 5.06%

Uber Technologies Inc's net profit margin has shown a mixed performance over the past eight quarters. In Q4 2023, the net profit margin improved to 5.06%, indicating that the company generated approximately 5.06 cents in profit for every dollar of revenue. This improvement from the previous quarter suggests efficient cost management or increased revenue generation.

In Q3 2023, the net profit margin was 2.93%, reflecting a slight decrease compared to Q4 2023. Despite the decline, the company still maintained a positive net profit margin, which indicates some level of profitability.

However, in Q2 2023, Uber reported a negative net profit margin of -1.07%, signaling that the company incurred losses during that period. This negative figure suggests that Uber's expenses exceeded its revenue, impacting its overall profitability.

Furthermore, in Q1 2023, the net profit margin recorded a significant decline to -9.95%, indicating a further deterioration in profitability compared to the previous quarter. The consecutive negative net profit margins in Q1 and Q2 2023 raise concerns about Uber's ability to control costs and generate sustainable profits.

Looking back to Q4 2022, Uber experienced a net profit margin of -28.68%, showing a substantial improvement in profitability compared to the Q1 2023 results. The negative net profit margins in Q4 2022 and Q1 2023 may highlight challenges faced by the company in achieving profitability during that period.

It's worth noting that Uber's net profit margin has fluctuated significantly in recent quarters, reflecting the volatility and challenges within the company's operations and the overall industry environment. Monitoring the trend of the net profit margin over the coming quarters will be essential to assess Uber's financial performance and profitability sustainability.