Uber's Strong Q3 Comes With a Big Profit Warning

This article first appeared on GuruFocus. Uber Technologies (NYSE:UBER) reported another strong quarter for demand, but its fourth-quarter profit outlook disappointed Wall Street as driver shortages and higher operating costs weighed on the ride-hailing business. Third-quarter gross bookings rose 20% year over year to $59.8 billion on a constant-currency basis, marking Uber's fifth consecutive quarter of at least 20% bookings growth. Trips increased 16% to 4.1 billion, while monthly active platform consumers rose 14%. Warning! GuruFocus has detected 3 Warning Signs with NVDA. Is UBER fairly valued? Test your thesis with our free DCF calculator.UBER GF Value chart Revenue climbed 10% to $14.8 billion, slightly ahead of the roughly $14.