🔹 Revenue: $819M (Est. $811M) 🟢; UP +23% YoY
🔹 EPS: $0.01 (Est. $0.00) 🟢
🔹 Net Profit: $20M (Est. $17.5M) 🟢
FY25 Guidance
🔹 Revenue: $3.33B–$3.40B; UP +19–22% YoY
🔹 Adj EBITDA: $460M–$480M; UP +47–53% YoY
Other Key Q2 Metrics
🔹 Adj EBITDA: $109M; UP +69% YoY
🔹 Operating Profit: $7M
🔹 On-Demand GMV: $5.35B; UP +21% YoY
🔹 Monthly Transacting Users: 46.2M; UP +13% YoY
🔹 Free Cash Flow (TTM): $229M; UP +$274M YoY
🔹 Loan Portfolio: $708M; UP +78% YoY
🔹 Annualized Advertising Run Rate: $236M; UP +45% YoY
Q2 Segment:
Deliveries
🔹 Revenue: $439M; UP +23% YoY
🔹 GMV: $3.47B; UP +22% YoY
🔹 Segment Adj. EBITDA: $63M; UP +50% YoY
🔹 Adj. EBITDA Margin: 1.8% (vs. 1.5% YoY)
🔹 Ad Revenue: $236M run-rate; UP +45% YoY
🔹 Ad penetration: 1.7% of Deliveries GMV
Mobility
🔹 Revenue: $295M; UP +19% YoY
🔹 GMV: $1.88B; UP +19% YoY
🔹 Segment Adj. EBITDA: $164M; UP +27% YoY
🔹 Adj. EBITDA Margin: 8.7% (vs. 8.2% YoY)
🔹 Avg. Trip Fare: DOWN -4% YoY
🔹 Driver Supply: UP +18% YoY
Financial Services
🔹 Revenue: $84M; UP +41% YoY
🔹 Segment Adj. EBITDA: ($26M); wider loss
🔹 Loans Disbursed (Q2): $721M; UP +44% YoY
🔹 Loan Portfolio: $708M; UP +78% YoY
🔹 GXS & GX Bank Deposits: $1.54B; UP +111% YoY
Commentary
🔸 “Fourteenth consecutive quarter of Adjusted EBITDA growth. Our ecosystem flywheel is gaining momentum.”
🔸 “We’re investing in AI, autonomous vehicles, and product innovation while maintaining strong cost discipline.”
🔸 “We expect stronger H2 with continued profitable growth and sequential GMV expansion.” – COO
🔸 “Successfully issued $1.5B in convertible notes, maintaining high cash flexibility.” – CFO
🔸 “We repurchased $274M in shares this quarter, reaffirming confidence in long-term value.” – CFO
