Uber reports third-quarter results that beat Wall Street's revenue expectations
Publishing timestamp: 2024-10-31 16:00:44
Summary
Uber reported third-quarter results that beat revenue expectations but missed on gross bookings projections. Despite strong performance in core business, shares closed down more than 9%. Net income and adjusted EBITDA increased, with plans for organic investments in new products. Uber expects gross bookings and adjusted EBITDA for fourth quarter to be slightly below analyst estimates. CEO stated focus on smaller M&A deals. Business segments showed growth in revenue.
Sentiment: MIXED
Keywords: breaking news: business, enterprise, media, breaking news: technology, internet, uber technologies inc, business news, expedia group inc, technology,
Source: https://www.cnbc.com/2024/10/31/uber-uber-q3-2024-earnings.html