Uber Technologies is one of the largest ride-hailing and Delivery platforms globally with 8 leading positions in the top 10 markets. Uber is active in 72 countries and territories. Uber operates globally. The number of Monthly Active Platform Consumers (MAPCs) increased by 12% YoY to 137mn in 2Q23. Monthly active drivers and couriers on Uber reached 5.4mn in 1H23.
Uber Technologies operates a ride-hailing and delivery platform. Uber connects drivers, couriers, merchants, and food delivery services with consumers. Uber provides services in three segments: Mobility, Delivery, and Freight. Mobility products connect consumers with drivers who provide rides in a variety of vehicles, such as cars, auto-rickshaws, motorbikes, minibusses, or taxis. The delivery platform allows consumers to find, depending on their location, local restaurants, grocery, alcohol, and convenience stores for either delivery or pick up. The freight platform connects carriers with shippers, provides carriers upfront, and enables shipment booking.
The total addressable market (TAM) is estimated at $5trln for Mobility, $5trln for Delivery, and $4trln for Freight. The global restaurant spend of $1.8trln and grocery spend of $2.5trln are Delivery TAMs. Key Mobility sector growth drivers include deepening core rides penetration, expansion of use cases, scaling of low-cost products, and transition to electric & autonomous vehicles. Ridesharing penetration is still very low even in the largest markets: from 0.3% in Germany to 8.8% in Brazil.
|Company||RIC||Market Capitalization, $mn||Last reporting year||P/E Fwd 1Y||P/E Fwd 2Y||EV/EBITDA 1Y fwd||EV/EBITDA 2Y fwd||EV/Revenues 1y fwd||EV/Revenues 2y fwd|
|Uber Technologies Inc||UBER.N||96,536||2022-12-31||129.6||45.5||26.5||17.9||2.7||2.3|