Uber Likely to Report Fourth-Quarter Sequential Deceleration in Mobility Gross Bookings, Deutsche Bank Says

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UBER logo -Shutterstock Uber Technologies (UBER) is likely on course to report a sequential slowdown in fourth-quarter gross bookings growth for the company's core ride hauling business, Deutsche ...

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The estimate is 2% below consensus amid foreign exchange movements.\"There is concern around growing  deployment in the US, about data suggesting pricing increases leading  growth early in 2025, and around growing adverse FX movements, particularly in the mobility business,\" Black said.Uber is scheduled to report fourth-quarter results on Wednesday. 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The estimate is 2% below consensus amid foreign exchange movements.\n\n \"There is concern around growing (autonomous vehicle) deployment in the US, about data suggesting pricing increases leading (gross bookings) growth early in 2025, and around growing adverse FX movements, particularly in the mobility business,\" Black said. \n\n Uber is scheduled to report fourth-quarter results on Wednesday. Deutsche Bank reiterated a buy rating.\n\n For the first quarter, the brokerage is forecasting gross bookings of $42.6 billion, indicating year-over-year growth of 13% on a reported basis, compared with an increase of 20% in the same period of 2024. Deutsche Bank lowered its mobility gross bookings growth estimate for the current period by one point to reflect currency impacts. \n\n Third-party data additionally \"appears to indicate some softness in rider frequency offset by modestly higher pricing,\" Black said.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2508283941"}