Udemy reported revenue of $178.2mn in 2Q23, up 16.4% YoY and 1.0% QoQ. The result includes a 3% FX headwind. The company reported a first-time positive Adj EBITDA margin of 1%.

Uber’s Gross Bookings grew 16% YoY to $33.6bn in 2Q23 generating Adj EBITDA of $916mn, that came above the company’s guidance of $800-850mn.

The Mosaic Company delivered revenue of $3.4bn in 2Q23, down 37% YoY. Adjusted EBITDA reached $744mn, down 63% YoY in 2Q23, compared to $777mn in 1Q23. Mosaic’s results reflect declining YoY product prices.

Nutrien reports $576mn of net earnings, down 58% YoY, and adjusted EBITDA of $1.4bn, down 42% YoY in 1Q23 as product prices corrected from their highs.

Uber reports Gross Bookings growth of 19% YoY to $31.4bn in 1Q23 with a strong 40% YoY growth of Gross Bookings in Mobility.

We initiate coverage of Anglo American, one of the leading global mining groups, and its publicly traded subsidiaries Anglo American Platinum and Kumba Iron Ore. Benefiting from a diversified long-life portfolio of mining assets, the group is targeting markets with sustainable development and exposure to renewable energy.

The Mosaic Company reports $4.48bn revenue (+17% YoY) and $523mn net income (down 21% YoY) in 4Q22. FY22 net income is up 120% YoY to $3.6bn which translates to EPS of $10.06 per share. We update our model and price target.

Lyft reports historically record quarterly revenue of $1,175mn, up 21% YoY 4Q22 driven by higher revenue per active rider. We update our forecasts and TP.

Udemy reports revenue of $158mn, up 22% YoY in 3Q22. Loss from operations reached $43.3mn. We expected revenue of $159.1mn and an operating loss of $18.8mn for the period. We adjust our forecasts and TP.

Lyft reports revenue of $1,054mn, up 22% YoY and 6% QoQ in 3Q22. The number of active riders increased by 7.2% YoY to 20.3mn. We review our model and price target.