Uber's Q3 Results Fall Short of Expectations, But Gross Bookings Show Strong Growth
  • 6 months ago
Uber reported third-quarter results that missed analyst expectations for revenue and earnings per share but showed strength in other areas like gross bookings. Revenue was $9.29 billion, up 11% year-over-year but below the $9.52 billion expected. Adjusted EBITDA was $1.09 billion, above expectations. Gross bookings were $35.3 billion, up 21% year-over-year and above Uber's previous guidance. Accelerating growth in bookings, trips, and consumers as spending shifts from retail to services position the company well for the future, according to CEO Dara Khosrowshahi.
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