Uber Technologies, Inc. (NYSE:UBER) Q3 2024 Earnings Conference Call October 31, 2024 8:00 AM ET

Company Participants

Dara Khosrowshahi - CEO
Prashanth Mahendra-Rajah - CFO
Deepa Subramanian - VP, IR

Conference Call Participants

Eric Sheridan - Goldman Sachs
Brian Nowak - Morgan Stanley
Doug Anmuth - JPMorgan
Justin Post - Bank of America Merrill Lynch
Mark Mahaney - Evercore
Ron Josey - Citi
Nikhil Devnani - Bernstein
Ross Sandler - Barclays
Benjamin Black - Deutsche Bank

Operator

Hello, and welcome to the Uber Third Quarter 2024 Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to Deepa Subramanian, Vice President, Investor Relations. You may begin.

Deepa Subramanian

Thank you, operator. Thank you for joining us today, and welcome to Uber's Third Quarter 2024 Earnings Presentation. On the call today, we have Uber CEO, Dara Khosrowshahi; and CFO, Prashanth Mahendra-Rajah.

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.

Certain statements in this presentation and on this call are forward-looking statements. 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 the forward-looking statements, please refer to the press release we issued today as well as the risks and uncertainties section described in our most recent Form 10-K and in other filings made with the SEC.

We published our quarterly earnings press release and prepared remarks, supplemental slides to our Investor Relations website earlier today, and we ask you review those documents if you haven't already. We will open the call to questions following beef opening remarks from Dara and Prashanth. With that, let me hand it over to Dara.

Dara Khosrowshahi

Thanks, Deepa. Uber delivered yet another strong quarter, a record quarter of profitable growth with gross bookings up 20% year-on-year in constant currency. We also generated an all-time high GAAP operating profits of more than $1 billion. This performance was powered by new records in audience and frequency as more people and more places are using Uber more often.