Uber Technologies
Q4 2022 Earnings Call
Feb 08, 2023, 8:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Ladies and gentlemen, thank you for standing by. My name is Angela, and I will be your conference operator today. At this time, I would like to welcome everyone to the Uber fourth quarter '22 earnings conference call. [Operator instructions] Thank you.
It is now my pleasure to turn today's conference over to Mr. Balaji Krishnamurthy. Sir, please go ahead.
Balaji Krishnamurthy -- Head of Investor Relations
Thank you, Angela. Thank you for joining us today, and welcome to Uber's fourth quarter 2022 earnings presentation. On the call today, we have Uber CEO, Dara Khosrowshahi; and CFO, Nelson Chai. During today's call, we will present both GAAP and non-GAAP financial measures.
Additional disclosures regarding these non-GAAP measures, including a reconciliation of GAAP to non-GAAP measures, are included in the press release, supplemental slides and our filings with the SEC, each of which is posted to investor.uber.com. As a reminder, these numbers are unaudited and may be subject to change. Certain statements in this presentation and on this call are forward-looking statements. Such statements can be identified by terms such as believe, expect, intend and may, and you should not place undue reliance on forward-looking statements.
Actual results may differ materially from these forward-looking statements, and we do not undertake any obligation to update any forward-looking statements we make today, except as required by law. For more information about factors that may cause actual results to differ materially from forward-looking statements, please refer to the press release we issued today, as well as risks and uncertainties described in our most recent annual report on Form 10-K for the year ended December 31, 2021, and in other filings made with the SEC when published. We published our quarterly earnings press release, prepared remarks and supplemental slides to our investor relations website earlier today, and we ask you to review those documents if you haven't already. We will open the call to questions following brief opening remarks from Dara.
With that, let me hand it over to Dara.
Dara Khosrowshahi -- Chief Executive Officer
Thanks, Balaji. Uber delivered our strongest quarter ever in Q4, with gross bookings up 26% year on year on a constant currency basis. Adjusted EBITDA of $665 million exceeded the high end of our guidance for the sixth quarter in a row, and we delivered strong incremental adjusted EBITDA margin of 12%. We reached several new milestones this quarter.