Uber 2024: Net Income Up 152%, Gross Bookings Past USD 162B, Delivery in Focus

This is an English adaptation of a FoodBud historical article originally published on February 16, 2025.

For operators weighing aggregator economics, Uber's 2024 results show delivery (Uber Eats) maturing into a profitable, multi-category channel alongside mobility.

Group 2024 results

• Gross bookings: USD 162.773 billion, up 18% (mobility USD 83.024 billion; delivery USD 74.61 billion).
• Revenue: USD 43.978 billion, up 18% (mobility USD 25.087 billion, +26%; delivery USD 13.75 billion, +13%; freight USD 1.275 billion, flat).
• Trips: 11.273 billion, up 19%; Q4 monthly active platform consumers (MAPCs) 171 million, up 14%.
• Adjusted EBITDA: USD 6.484 billion, up 60%; net income USD 9.856 billion, up 152% (aided by tax effects and equity-investment gains); free cash flow USD 6.895 billion, up 105%.
• Capital return: USD 550 million of buybacks in Q4 plus a USD 1.5 billion accelerated repurchase; USD 7 billion cash/short-term investments at year-end.

Delivery (Uber Eats) — the operator-relevant part

• Delivery revenue USD 13.75 billion (+13%); adjusted EBITDA USD 2.5 billion (+64%); delivery revenue margin 18.7%.
• Q4 delivery gross bookings topped USD 20 billion for the first time (+18%), on membership growth, grocery/retail demand and a strong holiday; a seventh straight quarter of accelerating delivery MAPC growth (notably US, UK, Canada, Mexico).
• Product moves operators should note: merchant-funded offers redeemed nearly USD 1 billion in Q4 (+60% YoY) — lifting merchant volume while lowering the consumer's effective price; an Eats Pickup option that lets customers self-collect at lower cost (improving restaurant throughput and margin, and lifting overall Eats frequency); and expanded grocery/retail (Home Depot, Wegmans, Stew Leonard's) thickening the East-Coast catalog.
• Advertising continues to add high-margin revenue on top of order fees.

Mobility, AV and outlook

Mobility gross bookings grew 24% in Q4 on a 26% rise in active drivers, with new formats (Uber for Teens across 50 countries, UberX Share past USD 2 billion annualized, Uber Shuttle, Business Black). On autonomous vehicles, Uber positions itself as the go-to-market partner for developers (Waymo, WeRide, Pony, Baidu), with deployments still very small (e.g., Phoenix) and large launches prepped for Austin and Atlanta. For 2025 (as guided), Uber expected Q1 gross bookings up 17–21% and adjusted EBITDA up 30–37% at constant currency, with a ~7-point (mobility) and ~4-point (delivery) FX headwind from a stronger dollar. Forward figures are historical.