Uber Technologies Inc (UBER)

Operating 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
Operating income (ttm)	US$ in thousands	1,110,000	316,000	-573,000	-1,612,000	-1,832,000	-2,240,000	-2,317,000	-2,792,000	-3,834,000	-4,161,000	-4,705,000	-5,124,000	-4,863,000	-4,957,000	-4,947,000	-8,825,000	-8,596,000
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
Operating profit margin		2.98%	0.88%	-1.64%	-4.76%	-5.75%	-7.71%	-9.07%	-13.04%	-21.97%	-28.04%	-36.73%	-47.47%	-43.66%	-45.49%	-41.59%	-67.12%	-66.12%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,110,000K ÷ $37,281,000K
= 2.98%

Uber Technologies Inc's operating profit margin has shown a fluctuating trend over the past eight quarters. In Q4 2023, the operating profit margin improved to 2.98%, marking a positive upturn from the previous quarter. Despite the improvement, the margin remains relatively low compared to earlier periods. The company experienced a significant decline in operating profit margin in Q1 2022 and continued to manage loss-making operations until Q2 2023. The negative margins in some quarters indicate challenges in cost management and revenue generation. Uber needs to focus on enhancing operational efficiency and revenue growth to sustain and improve its operating profit margin in the future.