Uber, the ride-hailing service provider generated a revenue of $8,073 million in Q2 2022, a growth of 18% as compared to the quarterly revenue of $6,854 million in Q1 2022.
Uber segregates its revenue into four geographic regions namely the United States and Canada ($4,936 million), Latin America ($481 million), Europe, the Middle East, and Africa ($1,846 million), and Asia Pacific ($810 million) in Q2 2022. The United States and Canada region generated the highest revenue compared to other geographic areas.
Uber's revenue growth was mostly from increased mobility and delivery gross bookings, with revenue growth notably surpassing gross booking growth as a result of the acquisition of logistics services provider, Transplace.
As of Q2 2022, Uber’s platform is available in approximately 10,500 cities across nearly 72 countries and its revenue is dependent on the pricing models that the company uses to calculate consumer fares and driver earnings. Uber also offers subscription memberships to end-users including Uber One, Uber Pass, Rides Pass, and Eats Pass (Subscription). Uber allocates subscription fees earned to mobility and delivery revenue on a proportional basis, based on usage for each offering during the respective period.
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