In its Q4 earnings today, Uber reported a 49% jump in revenue over the prior year, fueled by an all-time high in ridership.

 

In its Q4 earnings today, Uber reported a 49% jump in revenue over the prior year, fueled by an all-time high in ridership.   The ride-hailing company experienced its "strongest quarter ever," according to CEO Dara Khosrowshahi. After experiencing lows in travel due to COVID-19, Khosrowshahi said the impact of the pandemic is "well and truly behind" Uber. The company reported $30.7B in gross bookings during Q4, a 19% increase YoY. For the first time, Uber reported two billion quarterly trips, up from 1.7 billion last year. During the pandemic, Uber's Eats delivery unit surged until it was surpassed by its mobility unit during all of 2022. In Q4, mobility had revenue of $4.1B versus $2.9B for Uber Eats. In the current quarter, Uber has forecasted 20% to 24% growth in gross bookings over the prior year. *Disclaimer: Inside.com Founder & CEO Jason Calacanis is an investor in Uber.