Uber Technologies Inc (UBER)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	2,100,000	1,049,000	-280,000	-3,263,000	-9,323,000	-9,039,000	-10,416,000	-7,227,000	-988,000	-2,729,000	-1,270,000	-3,706,000	-6,961,000	-7,086,000	-7,179,000	-10,646,000	-8,461,000
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
Pretax margin		5.63%	2.92%	-0.80%	-9.64%	-29.25%	-31.12%	-40.77%	-33.76%	-5.66%	-18.39%	-9.91%	-34.33%	-62.49%	-65.03%	-60.35%	-80.96%	-65.08%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $2,100,000K ÷ $37,281,000K
= 5.63%

The pretax margin of Uber Technologies Inc has shown improvement in recent quarters. It increased from negative figures in Q1 2022 and Q2 2022 to positive values in Q3 2022 through Q4 2023, indicating the company's ability to generate earnings before taxes as a percentage of its total revenue has improved over time. The upward trend suggests that Uber has been more effective in controlling its operating expenses and generating higher operating profits in the past quarters. However, it is important to continue monitoring this metric to ensure sustained profitability and operational efficiency.