Uber Technologies (NYSE: UBER) is the world's largest ridesharing company with 131 million global users as of 2022. The San Francisco-based company was established in 2009 and went public in 2019. Uber generated an all-time high revenue of USD 31.8 billion in 2022.
In addition to ride-sharing, Uber offers food and package delivery, courier services, and freight transportation through its platform. Uber operates in 10,000 cities+ across 72 countries (2022). The US and Canada region was Uber’s largest market, accounting for ~61% of total revenue, followed by the Latin America, the Europe, the Middle East, and Africa (EMEA), and the Asia Pacific regions. Uber had a ~71% share in the US ridesharing market in 2022.
Uber has set a target of achieving a revenue CAGR of 22%–25% between 2021 and 2024. Furthermore, Uber expects USD 5 billion in adjusted EBITDA in 2024 (from USD 1,713 billion in 2022). It aims to operate as a zero-emission mobility platform in the US, Canada, and Europe by 2030 and achieve net-zero status across the company by 2040.