Uber's second quarter Gross Bookings surged 24% to $58.0 billion, beating expectations.

Uber reported second quarter revenue of $14.2 billion, up 12% year-over-year, and a Non-GAAP EPS of $0.81. The company's key metric, Gross Bookings, grew 24% to $58.0 billion, surpassing analyst estimates and the high end of the company's own guidance.

Key Highlights

• Gross Bookings grew 24% year-over-year to $58.0 billion, exceeding the company's guidance range of $56.25 billion to $57.75 billion.
• Both Mobility and Delivery segments delivered strong growth, with Gross Bookings up 22% to $29.0 billion and 26% to $27.5 billion, respectively.
• Total trips increased 18% to 3.9 billion, while Monthly Active Platform Consumers (MAPCs) grew 16% to 208 million.