Uber reports third-quarter results that miss analysts' expectations
Publishing timestamp: 2023-11-07 12:35:33
Summary
Uber reported third-quarter results that missed analysts' expectations but showed strength in areas like gross bookings. The company's revenue was up 11% year over year, and CEO Dara Khosrowshahi stated that the quarter was "very strong" with accelerations in gross bookings, trips, and monthly active platform consumers. Uber's adjusted EBITDA exceeded expectations, and the company provided guidance for the fourth quarter. However, Uber's freight business experienced a decline, and the company's results fell short of analysts' expectations.
Sentiment: MIXED
Tickers: UBER,
Keywords: dara khosrowshahi, earnings, media, breaking news: technology, internet, breaking news: earnings, business news, technology, breaking news: business, uber technologies inc, enterprise,
Source: https://www.cnbc.com/2023/11/07/uber-earnings-report-q3-2023.html