Uber reported revenue for the third quarter that topped analysts' estimates, but the company missed expectations in its two key businesses. Here's how the company did versus analysts' estimates compiled by LSEG: Revenue increased 10% from $13.47 billion a year earlier. The company reported net income of $512 million, down 92% from a year earlier, when the company had a $4.9 billion benefit from a tax valuation release. Uber's core mobility unit, which is its ride-hailing service, saw a 2% decline in revenue to $7.52 billion, missing the average estimate of $7.71 billion, according to StreetAccount. Revenue in the food delivery business increased 23% to $5.49 billion, trailing the $5.51 billion average estimate. Total bookings of $59.
We show the main point publicly. Create a free account to continue reading the full article, save it, discuss it, and connect it with market and OSINT context.